202 Cannon Street E, Hamilton, ON L8L 2A8

For Sale 197 days on Market MLS® X12428216

Asking Price

$1,200,000

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202 Cannon Street E, Hamilton, ON L8L 2A8

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Overview

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INVESTORS & DEVELOPERSTake Note! Exceptional opportunity to secure a prime corner lot in the heart of downtown Hamilton. Located at Cannon & Cathcart, this approximately 67' x 85' property offers immense potential for residential development. The site is currently vacant with services disconnected, ready for demolition and transformation. A proposed 6.5-storey, 26-unit apartment building is already in motion, with Site Plan Approval well underway. Bonus: an Environmental Risk Assessment is in progress and approved for reimbursement through the Citys ERASE Redevelopment Grant Program. Zoned D5, this lot offers flexibility and vision in a rapidly growing urban market. Don't miss out on this chance to invest in a prime location with endless possibilities!

Lot Size

0.1 acres

Type

Vacant Land

Property Details

Year BuiltNot Disclosed

CityHamilton

Postal CodeL8L2A8

Lot Dimensions66.82 × 84.28 ft

Utilities & Services

Heat SourceWell

SewerSeptic Tank

Financial Information

List Price$1,200,000

Annual Taxes$4,097 (2025)

Days on Market197

MLS® X12428216 • Listed by Real Broker Ontario Ltd.

202 Cannon Street E, Hamilton, ON L8L 2A8

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Purchase Calculator

Home Price

$1,200,000.00

Location

Down Payment

$252,000.00

Payment Frequency

⚙️ Rate

Your mortgage interest rate can either be Fixed for the term or Variable.

Rate

4.70%

Rate Term

🧾 Amortization

30 years

Scenario Options

First-time Buyer

Newly Built

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💸 Rental Income

🏠 Home Expenses

Monthly Rent

$900.00

Occupancy (%)

100%

Monthly Expenses

$400.00

Includes

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🛠️ Maintenance
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Total Monthly Cost ⚙️

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Monthly Mortgage$0.00
Home Expenses$0.00
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Closing Costs

$0.00

Mortgage Payment$0.00

Net Mortgage$0.00

Interest paid over term$0.00

Balance end of Term$0.00

Effective Amortization30 Years

Property Location

202 Cannon Street E, Hamilton, ON L8L 2A8

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