1085 CANNON Street, Hamilton

Price: $350,000

4 bedrooms, 1 bathrooms

700 - 1,099 sqft

Property Type: Townhouse

MLS#: X13683656

A great opportunity for investors, renovators, or buyers looking to create something special in East Hamilton. This 4-bedroom semi-detached home is currently being used as a rental and offers a practical eat-in kitchen, fenced yard, and a convenient location close to the shops and restaurants of Ottawa Street, public transit, schools, and everyday amenities. The property would benefit from renovation and updating, providing an excellent opportunity to bring your own vision and ideas to the home while adding value along the way. A well-located property with plenty of potential-come explore the possibilities!

1085 CANNON Street - Townhouse photo 1 of 6 in Hamilton, Ontario
1085 CANNON Street - Townhouse photo 2 of 6 in Hamilton, Ontario
1085 CANNON Street - Townhouse photo 3 of 6 in Hamilton, Ontario
1085 CANNON Street - Townhouse photo 4 of 6 in Hamilton, Ontario
1085 CANNON Street - Townhouse photo 5 of 6 in Hamilton, Ontario
1085 CANNON Street - Townhouse photo 6 of 6 in Hamilton, Ontario
active
New Listing
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$350,000 - 1085 CANNON Street, Hamilton

Townhouse for Sale in Hamilton

New — Listed 6 days ago

Neighbourhood: Crown Point

4Beds
1Baths
700 - 1,099Sq Ft
Townhouse
Property Details
MLS Number
X13683656
Property Type
Townhouse
Status
active
Days on Site
6
Bedrooms
4
Bathrooms
1
Square Feet
700 - 1,099 sqft
Neighbourhood
Hamilton
Listing Brokerage
RE/MAX ESCARPMENT GOLFI REALTY INC.
Description

A great opportunity for investors, renovators, or buyers looking to create something special in East Hamilton. This 4-bedroom semi-detached home is currently being used as a rental and offers a practical eat-in kitchen, fenced yard, and a convenient location close to the shops and restaurants of Ottawa Street, public transit, schools, and everyday amenities. The property would benefit from renovation and updating, providing an excellent opportunity to bring your own vision and ideas to the home while adding value along the way. A well-located property with plenty of potential-come explore the possibilities!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,795.68/mo

Includes CMHC insurance ($9,765)

$
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5%10%50%

5-yr fixed avg.

Principal: $315,000Interest: $213,939
Mortgage Amount$324,765
Total Interest$213,939
Est. Property Tax$248/mo
Total Cost$538,704

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Crown Point

Discover Crown Point

Crown Point is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Crown Point

  • Convenient location in Hamilton
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Crown Point offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

1085 CANNON Street, Hamilton

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,900/mo
Range: $2,465 - $3,335
Cap Rate (ROI)
8.8%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,900
Maintenance Fees-$0
Property Tax (est.)-$248
Insurance (est.)-$73
Net Cash Flow+$2,579

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $500/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Just Listed - Act Strategically

This property hit the market within the last week. In Hamilton's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Townhouse Benefits

Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Hamilton have shown strong appreciation as families seek more space.

Efficient Living

At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Hamilton. Good resale value as demand remains consistent.

About Crown Point

I know Crown Point well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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    1085 CANNON Street, Hamilton | $350,000 | Battaglia Team