518 Cannon Street E, Hamilton, ON L8L 2E8
Hamilton, ON L8L 2E8
Quick cost estimateKnown monthly subtotal$2,784.66 / monthLand transfer tax $7,455One-time estimate
Quick cost estimate
$2,784.66 / monthKnown monthly subtotal
- Mortgage principal & interest
- $2,554.41
- Property tax / month
- $230.25
- Maintenance / month
- Period / amount not reported
Assumes 20% down, 5% annual interest and 25-year amortization. Illustrative rate, not a current quote.
Unknown expenses excluded. Mortgage insurance and closing costs are excluded; add insurance and utilities in the assumptions.
Land transfer tax · one time
- Transfer tax total
- $7,455
Before rebates, surcharges and fees. Not part of the monthly subtotal.
Tax assumptions & breakdown
Toronto municipal land transfer tax does not apply to this listing outside the City of Toronto.
- Ontario tax
- $7,455
- Toronto municipal tax
- $0
Current purchase scenario, before rebates, foreign-buyer taxes and fees. Confirm residence classification. Not historical tax paid; excluded from the monthly subtotal.
Ontario rates · Toronto rates (April 2026)
Eligible first-time purchasers may qualify for an Ontario land transfer tax refund of up to $4,000. Toronto buyers may also qualify for a separate municipal rebate of up to $4,475. Eligibility varies and these maximums are not guaranteed savings. See official eligibility links and details.
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About this home
Welcome to this exceptional opportunity to own a fully tenanted 2.5-storey triplex ideally located on a prominent corner lot in Hamilton's vibrant east end. Perfectly suited for buyers looking to break into the market with the advantage of built-in rental income, this property offers the ideal blend of homeownership and long-term financial flexibility. Whether you are looking to offset your mortgage through house hacking, build equity faster, or expand your real estate portfolio with a cash-flowing asset, this is the type of property that delivers versatility and upside. The home features three self-contained units across a spacious and character-filled layout, along with the added convenience of a side parking pad. Currently generating approximately $51,576 in annual gross income with a projected NOI of roughly $41,688 annually, the property also presents a strong conservative income profile even when accounting for management and maintenance reserves. Situated on Cannon Street East, the location provides excellent access to public transit, major routes, schools, parks, and Tim Hortons Field, while remaining close to everyday amenities and growing neighbourhood conveniences. A rare opportunity to secure an income-generating property with strong fundamentals, mortgage-support potential, and long-term value growth in one of Hamilton's evolving communities.
Home details
- Days on market
- Not reported
- Property type
- Triplex
- MLS® number
- X13156508
- Source status
- Price Change
- Bedrooms
- 5
- Bathrooms
- 3
- Postal code
- L8L 2E8
- Kitchens
- 3
- Kitchens above grade
- 3
- Family room / den
- No
- Interior size (reported range)
- 2000-2500 (units not reported)
- Lot depth
- 100 ft
- Garage parking spaces
- Not reported
- Total parking spaces
- 3
- Occupancy
- Tenant
- Possession type
- Flexible
- Garage
- None
- Annual property tax
- 2763
- Basement
- Full
- Interior features
- None
- Architectural style
- 2 1/2 Storey
- Pool features
- None
- Fireplace
- No
- Waterfront
- No
- Garage available
- No
- Heating system
- Forced Air
- Heating fuel
- Gas
- Cooling
- Central Air
- Sewer
- Sewer
- Direction facing
- North
- Construction materials
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
- MLS entry age (not confirmed DOM)
- 171 days
These details come from the listing source. Please confirm measurements and fees before making a decision.
Utilities and services
- Sewer
- Sewer
- Heating system
- Forced Air
- Heating fuel
- Gas
- Cooling
- Central Air
A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.
Rooms & virtual tours
Loading source-reported room dimensions…
Converted measurements are approximate. Levels and dimensions are shown only when supplied.
- Bedrooms above grade
- 5
- Rooms above grade
- 12
- Den / family room reported
- No
Reported counts are shown independently. Room dimensions have not been inferred from these counts.
Ask the listing brokerage for floor plans and measured room layouts.
Listing dates & price record
- Asking amount
- $549,000
Original MLS entry
Entry into the source MLS system; distinct from days on market.
Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.
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Estimate monthly costs
Adjust the assumptions for your own scenario. Blank expenses are unknown; enter them for a fuller estimate.
Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.
Explore affordability & closing-cost tools →Map and neighbourhood
- Region / county
- Hamilton
- Municipality
- HAMILTON
- MLS® community
- Gibson
Plan a trip from this home
Check a route from this property to work, school or another destination. Google Maps provides the current estimate when opened; traffic and departure time affect results.
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Around this property
Schools, transit & everyday places
Published local sources. Distances are approximate straight-line distances, not walking routes.
Filter the records displayed below.
Nearby publicly funded schools
Within 5 km · approximate straight-line distances, not walking routes or attendance eligibility.
School year 2024-2025 · Preliminary · publisher extract 2026-09-14.
Cathy Wever Elementary Public School ↗
Elementary · JK-8 · English · Public
School board: Hamilton-Wentworth DSB ↗
160 Wentworth Street North, Hamilton
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 56%
- Grade 3 Writing (at provincial standard)
- 42%
- Grade 3 Mathematics (at provincial standard)
- 42%
- Grade 6 Reading (at provincial standard)
- 72%
- Grade 6 Writing (at provincial standard)
- 70%
- Grade 6 Mathematics (at provincial standard)
- 23%
St. Ann (Hamilton) Catholic Elementary School ↗
Elementary · JK-8 · English · Catholic
School board: Hamilton-Wentworth CDSB ↗
15 St. Ann Street, Hamilton
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 73%
- Grade 3 Writing (at provincial standard)
- 55%
- Grade 3 Mathematics (at provincial standard)
- 63%
- Grade 6 Reading (at provincial standard)
- 88%
- Grade 6 Writing (at provincial standard)
- 88%
- Grade 6 Mathematics (at provincial standard)
- 52%
Cathedral High School ↗
Secondary · 9-12 · English · Catholic
School board: Hamilton-Wentworth CDSB ↗
30 Wentworth St N, Hamilton
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 9 Mathematics (at provincial standard)
- 43%
- Grade 10 OSSLT (first-attempt pass)
- 64%
Prince of Wales Elementary Public School
Elementary · JK-8 · English · Public
School board: Hamilton-Wentworth DSB ↗
77 Melrose Avenue North, Hamilton
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 61%
- Grade 3 Writing (at provincial standard)
- 49%
- Grade 3 Mathematics (at provincial standard)
- 48%
- Grade 6 Reading (at provincial standard)
- 79%
- Grade 6 Writing (at provincial standard)
- 79%
- Grade 6 Mathematics (at provincial standard)
- 49%
St. Patrick Catholic Elementary School ↗
Elementary · JK-8 · English · Catholic
School board: Hamilton-Wentworth CDSB ↗
20 East Ave S, Hamilton
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 80%
- Grade 3 Writing (at provincial standard)
- 73%
- Grade 3 Mathematics (at provincial standard)
- 59%
- Grade 6 Reading (at provincial standard)
- 69%
- Grade 6 Writing (at provincial standard)
- 60%
- Grade 6 Mathematics (at provincial standard)
- 41%
Adelaide Hoodless Public School ↗
Elementary · JK-8 · English · Public
School board: Hamilton-Wentworth DSB ↗
71 Maplewood Avenue, Hamilton
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 83%
- Grade 3 Writing (at provincial standard)
- 62%
- Grade 3 Mathematics (at provincial standard)
- 60%
- Grade 6 Reading (at provincial standard)
- 79%
- Grade 6 Writing (at provincial standard)
- 65%
- Grade 6 Mathematics (at provincial standard)
- 52%
Bernie Custis Secondary School Secondary School
Secondary · 9-12 · English · Public
School board: Hamilton-Wentworth DSB ↗
1055 King Street, Hamilton
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 9 Mathematics (at provincial standard)
- 36%
- Grade 10 OSSLT (first-attempt pass)
- 65%
Dr. J. Edgar Davey Elementary Public School ↗
Elementary · JK-8 · English · Public
School board: Hamilton-Wentworth DSB ↗
99 Ferguson Ave., Hamilton
Reported assessment results · source workbook 2024-2025
Source workbook percentages, not an overall school rating. Confirm assessment periods with the Ministry. Values may be privacy-rounded or suppressed; 0% and 100% do not always mean none or all.
- Grade 3 Reading (at provincial standard)
- 65%
- Grade 3 Writing (at provincial standard)
- 45%
- Grade 3 Mathematics (at provincial standard)
- 35%
- Grade 6 Reading (at provincial standard)
- 71%
- Grade 6 Writing (at provincial standard)
- 61%
- Grade 6 Mathematics (at provincial standard)
- 14%
Confirm programs and attendance with the school board. Private schools and verified catchment boundaries are not included. Contains information licensed under the Open Government Licence – Ontario. Ministry source.
Filter the records displayed below.
Transit near this property
Published transit locations. Distances are straight-line estimates, not walking routes or travel times.
Rail & subway · within 5 km
- Hamilton GO CentreGO Transit · Train2.1 km
- West Harbour GOGO Transit · Train2.3 km
Bus & streetcar · within 2 km
- King St. E. @ Hughson St. N.GO Transit · Bus1.9 km
Sources & service information
These are locations in published feeds, not live arrivals or confirmation of service at this moment. Station platforms are grouped only by the source parent-station relationship. Check the agency for schedules, disruptions, access and entrances. Coverage: TTC, GO Transit and UP Express only; other agencies are not yet connected.
- GO Transit source · feed 2026-10-28 to 2026-11-27 · checked 2026-11-02 14:57:59 UTC · Licence · Agency website
Filter the records displayed below.
Nearby shops & amenities
No nearby places were returned by the current OpenStreetMap snapshot. Coverage is regional and may be incomplete; verify business details before visiting.
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Similar homes for sale in Gibson, Hamilton, Ontario
Current public IDX listings in the same city and transaction type. These are alternatives to explore, not sold comparables or an appraisal.
Property questions
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Are the measurements and features independently verified?
Measurements, lot details and features are displayed as reported by the listing source or a named public dataset. Missing facts are not inferred. Confirm material details with the listing brokerage.
What do nearby school, transit and shop results mean?
They are nearby records from the displayed source datasets. Distances are approximate straight-line distances; school catchment eligibility, ratings, walking routes, hours and live transit service are not inferred.
Can I see sold prices for nearby properties?
Sold and leased comparable records are shown only to approved VOW users where the source permits display. Sign in or request VOW access if prompted.
How should I use the monthly cost estimate?
It is a planning estimate based on the visible assumptions and reported property figures. It is not a lender quote, tax assessment, legal opinion or mortgage approval.
Home and neighbourhood overview
518 Cannon Street E, Hamilton, ON L8L 2E8, Hamilton is listed for sale as a Triplex. The listing reports 5 bedrooms, 3 bathrooms, reported interior area of 2000-2500 (units not reported), kitchens reported as 3, parking spaces reported as 3. Asking price: $549,000. Occupancy is reported as Tenant. Review the Home details, room measurements and utility sections below to compare reported specifications; confirm important details with the listing brokerage. MLS® X13156508.
The Ministry’s school dataset lists Cathy Wever Elementary Public School approximately 328 m from the property’s mapped location. The published GO Transit feed includes Hamilton GO Centre, approximately 2.1 km away.
Local context
The Ministry’s school dataset lists Cathy Wever Elementary Public School approximately 328 m from the property’s mapped location.
The published GO Transit feed includes Hamilton GO Centre, approximately 2.1 km away.
Sources & distance notes
Distances are approximate straight-line estimates to mapped points or area centres. School proximity does not establish attendance eligibility. Published transit locations do not confirm service at this moment.
This overview uses facts reported by the listing and named local sources. Please confirm details with the listing brokerage.
Listing brokerage: REAL BROKER ONTARIO LTD.. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13156508. Information deemed reliable but not guaranteed.