55 Cannon Street, Hamilton

Price: $424,900

4 bedrooms, 2 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: X12953866

ATTENTION INVESTORS & FIRST-TIME BUYERS 55 CANNON ST W OFFERING VACANT POSSESSION & QUICK CLOSING! Unlock endless potential in the heart of Downtown Hamilton. Offering 1,676 sq. ft. of versatile living space that include 4 bedrooms, 2 bathrooms, and 2 kitchens, this property is designed for flexibility and great access to Downtown core. Situated on a convenient bus route, just minutes to the West Harbour GO Station, Locke Street, restaurants, trendy shops, and schools-this location delivers both lifestyle and accessibility. This is your chance to own a property that truly works for you.

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active
New Listing
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$424,900 - 55 Cannon Street, Hamilton

Detached for Sale in Hamilton

New — Listed 3 days ago
4Beds
2Baths
1,500 - 1,999Sq Ft
Detached
Property Details
MLS Number
X12953866
Property Type
Detached
Status
active
Days on Site
3
Bedrooms
4
Bathrooms
2
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Hamilton
Listing Brokerage
RE/MAX ESCARPMENT GOLFI REALTY INC.
Description

ATTENTION INVESTORS & FIRST-TIME BUYERS 55 CANNON ST W OFFERING VACANT POSSESSION & QUICK CLOSING! Unlock endless potential in the heart of Downtown Hamilton. Offering 1,676 sq. ft. of versatile living space that include 4 bedrooms, 2 bathrooms, and 2 kitchens, this property is designed for flexibility and great access to Downtown core. Situated on a convenient bus route, just minutes to the West Harbour GO Station, Locke Street, restaurants, trendy shops, and schools-this location delivers both lifestyle and accessibility. This is your chance to own a property that truly works for you.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,179.96/mo

Includes CMHC insurance ($11,855)

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5-yr fixed avg.

Principal: $382,410Interest: $259,722
Mortgage Amount$394,265
Total Interest$259,722
Est. Property Tax$301/mo
Total Cost$653,987

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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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

55 Cannon Street, Hamilton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
7.9%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$301
Insurance (est.)-$89
Net Cash Flow+$2,810

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, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Competitive Pricing

At $283/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Hamilton's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Detached Home Advantages

Detached homes in Hamilton are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Hamilton. Good resale value as demand remains consistent.

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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