OFF MARKET

Off market

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487 Cannon St E, Hamilton, ON L8L 2E5

About this home

This home is currently off market and not for sale.

Welcome to this meticulously maintained 4-unit investment property, offering exceptional cash flow and long-term appreciation potential. Featuring three 1-bedroom units and one 2-bedroom unit, this turnkey asset generates $52 860 in annual gross rent with very low operating expenses; investors can achieve great positive cash flow, a rare find in today's market! Tenants are paying market rents and in good standing, ensuring stable, hassle-free income. Recent updates include a new roof and fence (2018), interior waterproofing, new concrete walkway, plumbing upgrades, window replacements, door updates, and tree trimming see the full list of improvements in the attachments. With extensive maintenance completed, this is a prime, low-maintenance investment in a high-demand rental market. Upside potential exists with interior cosmetic updates, making this an ideal opportunity for savvy investors looking for both immediate income and long-term growth. Financials attached. Offers welcome anytime!

Single-familyProperty Type

2 spacesParking

Listed by ROBERT ATKINS • RIGHT AT HOME REALTY

Source:TREB #X12219524

Market trends in Gibson, ON

Last updated October 2026

Sale-to-list price

Median sale price

Avg. days on market

Recently sold homes

Provided by Redfin

Sale history for 487 Cannon St E

Date

Event

Price

TREB #X12219524

Dec 1, 2025

Delisted

—

Oct 8, 2025

Price Changed

$699,999

Jun 13, 2025

Listed

$729,999

+16

TREB #X12018990

Jun 12, 2025

Delisted

—

Mar 14, 2025

Listed

$729,999

+17

Property details

Around this home

Schools

0.2km

Cathy Wever Elementary Public School

Public, JK-8 • Assigned

0.3km

Cathedral High School

Public, 9-12 • Assigned

Provided by Local Logic

Lifestyle

Provided by Walk Score and Local Logic

Sell confidently with a local market expert in Hamilton. 3 minutes to get started.

Nearby similar homes

Sorry, we don't have any nearby similar homes to display. See all homes for sale in Gibson

Home values near 487 Cannon St E

Data from public records.

Address
483 Cannon Street East, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.
490 Cannon Street East, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.
491 Cannon Street East, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.
489 Cannon Street East, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.
495 Cannon Street East, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.
484 Cannon Street East, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.
497 Cannon Street East, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.

Address
485 Cannon Street East, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.
482 Cannon Street East, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.
480 Cannon Street East, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.
477 Cannon Street East, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.
492 Cannon Street East, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.
493 Cannon Street East, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.
489 Cannon Street East Apartment 3, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.

Address
480 Cannon Street East Apartment 2, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.
486 Cannon Street East, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.
481 Cannon Street East, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.
487 Cannon Street East Apartment 1, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.
478 Cannon Street East, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.
488 Cannon Street East, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.
493 Cannon Street East Apartment 2, Hamilton, ON - Beds \| - Baths \| - Sq. Ft.

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