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$520K · 3 bed Detached · Gibson, Hamilton | MyPropertyScout

$519,900

570 Cannon Street

89 DOM

3289d

Map

⚡ Insider Deal

DOM 89

↓ $79KPrice Reduced

$519,900

↓ $79K

DOM89days

570 Cannon Street

Hamilton · Ontario L8L 2G4

MLS® X12965960 · Gibson · L8L 2G4

32TenantOccupied1100-1500 ft²DetachedNoneFinished, Full89d$400/ft²Lot 29.5 x 76 ft< .50 ac$2,867 tax/yrBuilt 1916110 yrs oldFinished, Full

89 days on market

About this home

Centrally located and full of opportunity, this charming 2.5-storey home offers versatility for families, investors, or those looking to offset their mortgage. Freshly revamped with newer flooring, the home features a bright and inviting layout with updates including tankless water heater, roof and water supply. The large eat-in kitchen with pot lights flows seamlessly into a spacious living room, also enhanced with pot lighting-perfect for everyday living and entertaining. Upstairs, the second…

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Property details

MLS#: X12965960
Status: Buy Now
Property class: Residential Freehold
Beds: 3
Baths: 2 full, 0 half
Rooms: 5 + 2
Kitchens: 2
Size: 1100-1500Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: Finished, Full
Style: 2 1/2 Storey
Type: Detached
Year built: 1916

Occupancy: Tenant Occupied
Washrooms: 4 pc · Second; 3 pc · Basement
Family room: No
Central vacuum: No
Ensuite laundry: No

Roof: Asphalt Shingle
Foundation: Poured Concrete

Garage: None
Garage spaces: 0
Parking: 3 total
Lot: 29.5 × 76
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Brick · Porch
Fronting on: South
Cross street: Barton St E to Sherman Ave N to Cannon St E
Stories: —
Utilities: —
Laundry: —
Interior: None
Parking features: —

Rooms

Level	Room	Dimensions
Main	Kitchen	3.43m × 6.1m
Main	Living Room	3.78m × 4.88m
Second	Bathroom	—
Second	Bedroom	3.05m × 3.84m
Second	Bedroom	2.74m × 3.45m
Second	Laundry	2.13m × 2.74m
Third	Bedroom	3.96m × 4.88m
Third	Other	2.44m × 2.44m
Basement	Kitchen	—
Basement	Living Room	—
Basement	Bathroom	—
Basement	Laundry	—
Basement	Living Room	3.89m × 5.64m
Basement	Bedroom	3.05m × 3.02m

Seller signals

Price movement & seller pressure

↓ $79KPrice reduction

MLS shows the seller reduced the asking price by $79,100 (from $599,000 to $519,900).

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: RE/MAX ESCARPMENT REALTY INC.

Source: TRREB/PROPTX · MLS® X12965960

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$520K

570 Cannon Street · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $519,900✓ $2,867 tax✓ Gas✓ 1100-1500 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,122/mo

incl. closing costs (yr 1)

Annual total

$49,459

year 1

Mortgage only

$1,972/mo

principal + interest

Beyond mortgage

$1,118/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$103,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$239/mo

Utilities

Hydro / electricity$91/mo

≈ $0.07/ft² × ~1,300 ft² · ON avg ~$91/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$5,199/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$6,873

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)48% $23,668/yr

Property taxes20% $9,740/yr

Utilities8% $4,152/yr

Insurance & security3% $1,600/yr

Maintenance11% $5,199/yr

Closing costs10% $5,100/yr

Mortgage is 48% of your true cost of ownership. The other 52% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$23,668	$1,972/mo
Government & taxes
Property tax	$2,867	$239/mo
Land transfer tax(closing)	$6,873	$573/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,092	$91/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,199	$433/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$49,459	$4,122/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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570 Cannon Street

About this home

MyStreetValue™ Analysis

Property details

Rooms

Price movement & seller pressure

Sales History

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Annual costs