30 Cannon Street W

Welcome to this splendid opportunity: a Multi-Family Home for sale in Hamilton , located at 30 Cannon Street W, Hamilton. This distinctive property is a multiplex building that boasts a charming 2 1/2 storey design, constructed from sturdy brick and concrete. Situated in the heart of the Central community, this home is perfect for those looking to invest in a thriving area of Hamilton, Ontario.

As you explore this Multi-Family Home for sale in Hamilton, you'll discover that it features a total of 11 rooms, including five spacious bedrooms and two well-appointed bathrooms. This property is particularly appealing for investors, as it allows you to set your own rental rates and apply your expertise to each unit with a bit of tender loving care (TLC). The potential for income generation is immense, especially given its prime location in the N-West End of Hamilton, close to all amenities.

At 30 Cannon Street W, Hamilton, you’ll find two kitchens, making it convenient for multiple families or tenants. While there is no den or additional kitchen, the existing layouts provide ample space for comfortable living. The family room is a delightful feature, offering a welcoming space for relaxation and socialising. The property is unfurnished, allowing new owners to personalise the interiors to their liking.

Heating is provided by a water system, ensuring a warm and cosy atmosphere during the colder months. Although there is no central vacuum system, the property does benefit from wall unit air conditioning, which will keep you cool during the warmer seasons. Internet access is available, making it easy to stay connected in this modern age.

The exterior of the property is equally impressive, with a lot size of 28 x 50 feet. While there is no garage space available, the property does include a driveway with parking space for two vehicles, ensuring that you and your tenants have ample room for parking. It's worth noting that there is no pool or fireplace, but the full, unfinished basement presents an opportunity for further development, perhaps to create additional living space or storage.

This Multi-Family Home for sale in Hamilton is situated in a vibrant area that is local to a variety of amenities. You'll find shopping, entertainment, and recreational facilities just a stone's throw away. The Bay Front is also nearby, providing a beautiful natural setting for outdoor activities and leisure. This location is ideal for families and individuals alike, with easy access to public transit, making commuting a breeze.

The property is currently vacant, allowing for immediate possession, and the vendor is retiring, which adds to the urgency of this excellent investment opportunity. Flexible closing options are available, and there is even the possibility of a vendor take-back mortgage (VTB), subject to seller approval. This makes it an even more attractive proposition for potential buyers looking to secure a Multi-Family Home for sale in Hamilton.

With an age of 51-99 years, this property carries a sense of history and character, which can be cherished while modernising the interiors. The community of Hamilton is growing, and investing in this Multi-Family Home for sale in Hamilton could be a wise decision for those looking to capitalise on the area's development.

In summary, 30 Cannon Street W, Hamilton, is a remarkable investment opportunity that should not be missed. With its spacious layout, prime location, and potential for rental income, this Multi-Family Home for sale in Hamilton is a fantastic choice for savvy investors. Don't hesitate to explore this property further and envision the possibilities that await!

Central Hamilton is a vibrant and bustling area that serves as the heart of the city, characterised by its diverse mix of residential, commercial, and cultural spaces. This community boasts a rich tapestry of historic architecture alongside modern developments, creating a unique urban landscape. Residents enjoy easy access to a variety of amenities, including shops, restaurants, and parks, all within walking distance. The area is well-served by public transport, making it convenient for commuting to other parts of Hamilton or beyond. With its lively atmosphere and sense of connectivity, Central Hamilton offers an appealing urban lifestyle for those seeking a dynamic place to call home.

Schools in the Neighbourhood

This property is conveniently located near several reputable educational institutions, making it an ideal choice for families. Hess Street Elementary School, just 0.6 km away, boasts an impressive rating of 4.9 and offers grades JK to 8 in English. Another nearby option is Bennetto Elementary School, located 0.9 km away, which provides French instruction for grades 1 to 4, although it has a lower rating of 3.2. For secondary education, Westdale Secondary School, situated 2.6 km from the property, has a solid rating of 6.8 and serves grades 9 to 12 in both English and French. Additionally, St. Francis Xavier CES, a Catholic elementary school 1.1 km away, offers a strong rating of 7.2 for grades JK to 8. For those seeking Catholic secondary education, Cathedral CSS is 1.8 km away and has a rating of 4.2. Overall, the area provides a diverse range of educational options, ensuring that families have access to quality schooling within a short distance from home.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 634 residents, with an average household size of 2. The community is characterized by a median age of 41.5 years and an average household income of $134,000, indicating a relatively affluent demographic. However, 14.2% of the population is classified as low-income. The real estate market shows an average property price of $600,000, with 46.67% of households being renters, suggesting a mix of ownership and rental opportunities. Approximately 54.87% of the population is single, while 25.81% of households include children, reflecting a diverse family structure. The area is home to 19.83% immigrants, contributing to its cultural richness. Notably, 62.04% of residents have attained a college or university education, highlighting the community's emphasis on education. However, 31.48% of the population is not in the labor force, which may impact local economic dynamics. Additionally, 20% of housing consists of condominiums, catering to various living preferences. Overall, this neighborhood presents a blend of educational attainment, income levels, and housing options, making it an appealing area for potential residents.