466 Cannon Street E, Hamilton

$585,000
466 Cannon Street E

$585,000

New
21d
Detached2-Storey

466 Cannon Street E, Hamilton

Total Monthly Obligation $3,050

HausQ Valuation Report
Beds
2
Baths
2
Park
2
Sqft
1100-1500
DOM
21d
Score
18
Yield
4.5%
Cash on Cash
-5.3%
Cap Rate
3.4%
5Y IRR
11.4%
10Y IRR
11.3%
Property Type-Detached
MLS® Number-X13853956
Beds-2
Bathrooms-2
Size-1100-1500 sqft
Lot Size-21.5 × 95 ft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Detached
Age-100+
Taxes-$3,782.75 (2026)
Parking-2 - None
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-Real Broker Ontario Ltd.
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Vinyl Siding
Roof-Asphalt Shingle
Foundation-Other
Sewer-Sewer
Possession-Flexible
Neighbourhood-Gibson
Title-Residential Freehold

No agent assigned

Great opportunity to live and work in one of Hamilton's vibrant core neighbourhoods! This unique home offers the flexibility to operate your home occupation from the front of the property while enjoying a beautifully updated 2-bedroom, 1-bathroom residence. The living space features a bright, modern kitchen, updated wiring with 200-amp service, and a waterproofed basement for added peace of mind. Outside, enjoy a low-maintenance hardscape yard along with private rear parking for two vehicles. An ideal setup for entrepreneurs, professionals, or anyone looking to combine home and business under one roof in a convenient central location.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$468,000
Land Transfer Taxes$8,175
Legal Fees (Est.)
$
Total cash required for closing$126,675

Total Monthly Obligation

$3,050/mo
Mortgage $2,360
Monthly Loss $2,429
Principal$621
Interest$1,739
Property Tax$315
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.3%1
5-Year IRR
7.5%21
10-Year IRR
8.7%
Returns Index
11.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$26,220/yr
NOI
$15,315/yr
Net Cash Flow
-$1,083/mo
Cash Margin
-49.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo53
Risk Index
25.7/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 466 Cannon Street E

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.