$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
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
Estimated mortgage payment
$13,283 per month
- Principal and interest
- $13,283
- Property tax
- $1,524
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $661,475
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
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