Gurvinder Nokwal REALTOR®
For Sale Multiplex 129 days on market

$3,000,000 ↓ $500,000 from $3,500,000

Est. payment $13,283/moCalculate yours

16 Cannon Street E, Hamilton, ON L8L 1Z5

Beasley, Hamilton, ON L8L 1Z5

  • 0 Beds
  • 0 Baths
Map

Listing courtesy of AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP MLS® X13432900

About this home

16 Cannon Street East represents a premier high-density redevelopment site in the heart of downtown Hamilton. The site is conditionally approved for a 16-storey, 130-unit residential tower totaling 89,066 SF of GFA. It is ideally situated within walking distance of West Harbour GO, Hamilton GO Centre, and the upcoming LRT stop, offering unmatched transit connectivity. The current use is a legally nonconforming 8-unit apartment building. The vendor makes no representations and warranties. Sold “as is, where is. Potential 132,000 SF High-Density Development Opportunity in Downtown Hamilton. A new owner has the ability to take the site back to the Committee of Adjustment and apply for additional height, unlocking up to 132,000 SF of total Gross Floor Area (GFA). This aligns with Downtown Hamilton’s high-rise intensification policies that support up to 30 storeys. The opportunity allows for significant added density at a competitive land cost of approximately $35 per buildable square foot.

Property details

Overview

Property Type
Multiplex
Style
2-Storey
For
For Sale
Status
Price Change
Size
< 700 sqft

Interior

Bedrooms
0
Bathrooms
0
Kitchens
0
Basement
Other

Building & Systems

Heating
Other (Other)
Cooling
Other
Exterior
Aluminum Siding
Foundation
Unknown
Roof
Unknown
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
114 x 110 Feet
Parking
None garage · 8 total

Financial

Property Taxes
$18,282 (2025)

Location

Neighbourhood
Beasley
Cross Street
Cannon St E & James St N
Direction Faces
East

Listing

MLS® Number
X13432900
Days on Market
129
Listed On
2026-06-11
Possession
Immediate
Listed By
AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

Features

Interior

  • Other

Pool

  • None

Mortgage calculator

Minimum for this price: $600,000 (20%)

Amortization, years

Estimated mortgage payment

$13,283 per month

Principal and interest
$13,283
Property tax
$1,524
Estimated monthly cost
$14,807

Your mortgage

Mortgage amount
$2,400,000
Mortgage insurance
Not needed
Interest over 25 years
$1,585,005

Cash to close

Down payment
$600,000
Land transfer tax
$61,475
Total, before legal fees
$661,475
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

16 Cannon Street E, Hamilton, ON L8L 1Z5 Beasley, Hamilton, ON L8L 1Z5
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$3,000,000 16 Cannon Street E, Hamilton, ON L8L 1Z5
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