43.2548° N · 79.8438° W — Gibson, Hamilton — MLS® #X13156508
518 Cannon St
$549,000
Gibson, Hamilton, Ontario L8L 2E8
- 5
- BedroomsBeds
- 3
- BathroomsBaths
- 2000-2500 sqft2000-2500
- SizeSq ft
- 25 x 100 ft
- Lot sizeLot
Inquire about this listing
In short · from the listing record
518 Cannon St is a 5-bedroom, 3-bathroom triplex in Gibson, Hamilton, listed for sale at an asking price of $549,000 (MLS® X13156508).
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.
Listing readings
How it measures up
Scores from the listing record and the market around it.
68Good
Condition score
6 condition-related facts documented
Listing age, structured features and disclosed update language; not an inspection.
98Strong
Cash flow quality
+$1,115/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Median of 21 homes with 5 bedrooms for lease in Hamilton right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The data table
Every fact
Everything the board publishes for this home.
- Tax
- $2,763 / 2025
- MLS® number
- X13156508
- Board
- TRREB MLS®
- Property Type
- Triplex
- Time on market
- Size
- 2000-2500 sqft
- Lot Size
- 25 x 100 ft
- Listed on
- Parking
- None, 3 Parking
Listing history
Listing activity for 518 Cannon St, Hamilton, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $549,000 | N/A | Pc | X13156508 |
Inside
Room by room
Property
- Property Type
- Triplex
- Style
- 2 1/2 Storey
- Community
- Gibson
- Municipality
- Hamilton
Building
- Size
- 2000-2500 sqft
- Construction
- Vinyl Siding
Inside
- Bedrooms
- 5
- Bathrooms
- 3
- Bathroom Details
- 1 × 4pc Main, 1 × 3pc 2nd, 1 × 3pc 3rd
- Basement Type
- Full
- Kitchens
- 3
Parking
- Garage Type
- None
- Additional Parking
- 3
- Total Parking
- 3
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 25 ft
- Depth
- 100 ft
- Lot Size
- 25 x 100 ft
Where it sits
The street and the area
Asking prices on the map.
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Hamilton GO Centre | GO Transit train: Lakeshore West | 2.1 km |
| West Harbour GO | GO Transit train: Lakeshore West | 2.3 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Site report
What the record says
What the City and the conservation authority have on file for this address.
- provincial plansNone in rangeOutside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- wetlandNone in rangeNo mapped wetland within 120 m
- aggregateNone in rangeNo licensed pit or quarry within 2 km
- wellsNone in rangeNo recorded oil, gas or salt well within 250 m
- railOn recordNearest rail line: 660 m
- transitOn recordTransit stop within 400 m From the transit agency’s published stop map; the nearest is 90 m away. Routes and stops change; check the agency’s schedule.
- trailOn recordA trail on the Ontario trail network within 1 km
- airportOn recordNearest airport: 9.8 km
- water wellsNone in rangeNo water-supply well recorded within 250 m 23 test or monitoring holes also recorded.
- npriNone in rangeNo facility within 1 km reports pollutant releases to Environment Canada The nearest is GFL Environmental Services Inc. — GFL Environmental Services Inc. (Hamilton - Lottridge), 1.1 km away. Only facilities above the inventory’s reporting thresholds are listed.
- fcsiNone in rangeNo federal contaminated site within 1 km The federal inventory covers federal land only; it says nothing about provincial or private sites.
- electricityOn recordElectricity is distributed here by Alectra Utilities Corporation
- internet speedOn recordWired internet 50/10 Mbps or faster is listed at this location Fixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- broadbandOn recordAcross the surrounding area: fibre to the home, cable, DSL internet listed Fibre to the home: Bell, Cogeco Connexion, Dotto One, Rogers. Cable: Cogeco Connexion, Rogers. DSL: Bell. Fixed wireless: Bell, Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Each record is the map at the home’s location, not an inspection. Confirm anything that matters with the municipality, Hamilton Conservation Authority or the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains public sector Data made available under the City of Hamilton's Open Data Licence
Lot
- Lot area
- 2,500 sq ft232 m²
- Street frontage
- 25 ft7.6 m
- Depth
- 100 ft30.5 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land transfer tax on this home
- Ontario land transfer tax
- $7,455
- Total land transfer tax
- $7,455
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $3,455
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $549,000
- $2,980
- Ontario total
- $7,455
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Schools
Nearest schools
Straight-line distances. Check catchments with the board.
ElementaryEQAO average 2024–25
- Cathy Wever Elementary Public SchoolHamilton-Wentworth DSBPublic · grades JK–855%Grade 6 average350 m
- St. Ann (Hamilton) Catholic Elementary SchoolHamilton-Wentworth CDSBCatholic · grades JK–876%Grade 6 average650 m
- Prince of Wales Elementary Public SchoolHamilton-Wentworth DSBPublic · grades JK–869%Grade 6 average1 km
- ÉÉC Notre-DameConseil scolaire catholique MonAvenirFrench-language Catholic · grades JK–880%Grade 6 average1.6 km
SecondaryGrade 9 math 2024–25
- Cathedral High SchoolHamilton-Wentworth CDSBCatholic · grades 9–12 · French Immersion43%Grade 9 math1 km
- Bernie Custis Secondary School Secondary SchoolHamilton-Wentworth DSBPublic · grades 9–1236%Grade 9 math1.4 km
- Sherwood Secondary SchoolHamilton-Wentworth DSBPublic · grades 9–12 · French Immersion39%Grade 9 math3.5 km
- École secondaire Georges-P-VanierConseil scolaire ViamondeFrench-language public · grades 9–1273%Grade 9 math4.3 km
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
Searches this home is in
Keep looking
The ledger
What it costs to own
Worked out for this home. Change any number.
A month, all in
$2,735
- Mortgage$2,505
- Property tax$230
A planning figure, not a quote.
Land transfer tax
$7,455
$3,455 for first-time buyers.
Rent, similar homes
$3,850
a month, median asking rent of 21 similar homes in Hamilton.
Community
Who lives around it
Similar homes
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Shemeer AhmadVALERY REAL ESTATE INC.
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