$849,999
↓ $86,667 from $936,666
Est. payment $3,764/moCalculate yours
585 Cannon Street E, Hamilton, ON L8L 2G6
Gibson, Hamilton, ON L8L 2G6
- 7 Beds
- 6 Baths
- 2,000 Sq Ft
Listing courtesy of CENTRAL WORLD REALTY MLS® X12568826
About this home
Residential property with 6 units, investment property with Electrical(200Amp), GROSS income over 65K per YEAR. GOOD TENANT PROFILE with stable rent income.
Property details
Overview
- Property Type
- Multiplex
- Style
- Other
- For
- For Sale
- Status
- Price Change
- Size
- 2,000 sqft
Interior
- Bedrooms
- 7
- Bathrooms
- 6
- Kitchens
- 6
- Basement
- Apartment, Separate Entrance
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Window Unit(s)
- Exterior
- Brick
- Foundation
- Other
- Roof
- Other
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 16.2 x 60.16 Feet
- Parking
- None garage
Financial
- Property Taxes
- $3,743 (2025)
Location
- Neighbourhood
- Gibson
- Cross Street
- CANNON ST & CHESTNUT AVE
- Direction Faces
- South
Listing
- MLS® Number
- X12568826
- Days on Market
- 334
- Listed On
- 2025-11-18
- Possession
- TBD
- Listed By
- CENTRAL WORLD REALTY
Features
Interior
- None
Pool
- None
- Included
- coin laundry and dry machine, all stove and fridges in the property
- Rental items
- 2 Hot Water Tank
Mortgage calculator
Estimated mortgage payment
$3,764 per month
- Principal and interest
- $3,764
- Property tax
- $312
- Condo fees
- $0
- Estimated monthly cost
- $4,076
Your mortgage
- Mortgage amount
- $679,999
- Mortgage insurance
- Not needed
- Interest over 25 years
- $449,084
Cash to close
- Down payment
- $170,000
- Land transfer tax
- $13,475
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $183,475
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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