514 Cannon Street, Hamilton

Price: $2,050

3 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Townhouse

MLS#: X12418427

This spacious and well-maintained townhouse offers three bedrooms and two full bathrooms, providing comfortable living in a convenient central Hamilton location.The home features bright and inviting living and dining areas, along with three generously sized bedrooms and two full washrooms. A good-sized backyard offers the perfect space for relaxing or entertaining, while the unfinished basement provides plenty of storage.Situated in a prime location, the property is close to public transit and major routes, and is within walking distance to shopping, parks, and local amenities.All utilities are separate, and the home is available immediately. This rental is ideal for families or professionals seeking a welcoming home in the heart of Hamilton.

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$2,050 - 514 Cannon Street, Hamilton

Townhouse for Sale in Hamilton

76 days on market
3Beds
2Baths
700 - 1,099Sq Ft
Townhouse
Property Details
MLS Number
X12418427
Property Type
Townhouse
Status
active
Days on Site
76
Bedrooms
3
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
Hamilton
Listing Brokerage
Royal LePage Our Neighbourhood Realty
Description

This spacious and well-maintained townhouse offers three bedrooms and two full bathrooms, providing comfortable living in a convenient central Hamilton location.The home features bright and inviting living and dining areas, along with three generously sized bedrooms and two full washrooms. A good-sized backyard offers the perfect space for relaxing or entertaining, while the unfinished basement provides plenty of storage.Situated in a prime location, the property is close to public transit and major routes, and is within walking distance to shopping, parks, and local amenities.All utilities are separate, and the home is available immediately. This rental is ideal for families or professionals seeking a welcoming home in the heart of Hamilton.

Neighbourhood Guide: Hamilton

Discover Hamilton

Hamilton is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Hamilton

  • Convenient location in Hamilton
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Hamilton offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

514 Cannon Street, Hamilton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,550/mo
Range: $2,168 - $2,933
Cap Rate (ROI)
1492.1%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,550
Maintenance Fees-$0
Property Tax (est.)-$1
Insurance (est.)-$0
Net Cash Flow+$2,549

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $3/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Negotiation Opportunity

At 76 days on site, this property has exceeded the typical selling timeline for Hamilton. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

Townhouse Benefits

Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Hamilton have shown strong appreciation as families seek more space.

Efficient Living

At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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