Attention investors, contractors, and renovators. Opportunity to acquire a property at 563Cannon St E in the Gibson area of Hamilton currently configured as a duplex with two self contained units. Each unit offers 2 bedrooms, separate kitchens, individual hydro meters, separate breaker panels, and two furnaces servicing the property.Unit 1: Main Floor and 2nd Floor. 2 Bedrooms 1 Bathroom 1 Kitchen Unit 2: Main Floor and Lower. 1 Bedroom Above Grade, 1 bedroom Below, a large Den, 2 Kitchens(1 Above Grade, 1 Below Grade)The upper unit is in relatively clean condition with a bright and functional layout. The lower unit spans part of the main floor and basement and requires cleaning Previous rents were $1,470/month (upper) and $870/month (lower), offering strong upside potential for those looking to renovate and reposition the asset. Property is tenanted and access may be limited due to tenancy and site conditions. Property is being sold strictly in "as is, where is" condition. Seller makes no representations or warranties with respect to the property, its condition, retrofit status, or legality of use. Buyers to conduct their own due diligence.
Address
563 Cannon Street E
List Price
$350,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Duplex
Style of Home
2 1/2 Storey
Transaction Type
Sale
Area
Hamilton
Sub-Area
Gibson
Bedrooms
3 + 2
Bedrooms (Total)
5
Rooms Above Grade
11
Rooms Below Grade
4
Bathrooms
3
Floor Area
1100-1500 Sq. Ft.
Lot Depth
100
Lot Size Range (Acres)
< .50
Lot Size Units
Feet
Lot Width
24
Parcel Number
171970054
Occupant Type
Tenant
Cross Street
Cannon St E & Gibson Ave
Approx. Age
100+ Years
MLS® Number
X13606052
Listing Brokerage
THE CANADIAN HOME REALTY INC.
Basement Area
Separate Entrance
Postal Code
L8L 2G2
Parking
Private
Parking Places (Total)
2
Parking Spaces
2
Tax Amount
$2,940.00
Tax Year
2025
Interior Features
Separate Heating Controls, Separate Hydro Meter
Central Vacuum
No
Family Room
No
Elevator
No
Ensuite Laundry
No
Special Designation
Other
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Window Unit(s)
Construction Materials
Brick
Direction Faces
North
Fireplace
No
Foundation Details
Poured Concrete
Garage
No
Garage Type
None
Kitchens Total
3
Kitchens Above Grade
2
Kitchens Below Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LTS 92 & 93, PL 219 AS IN VM6063, S/T & T/W VM6063; HAMILTON
Waterfront
No
Sewer
Sewer
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Kitchen | ||
| Main | Living Room | ||
| Main | Dining Room | ||
| Main | Bedroom | ||
| Main | Bathroom | ||
| Basement | Kitchen | ||
| Basement | Bathroom | ||
| Basement | Bedroom | ||
| Basement | Living Room | ||
| Main | Den | ||
| Main | Kitchen | ||
| Second | Bedroom | ||
| Second | Bedroom | ||
| Second | Bathroom | ||
| Main | Living Room |