Loading neighbourhood intel…

$3.50M · 0 bed Multiplex · Beasley, Hamilton | MyPropertyScout

$3,500,000

16 Cannon Street

00Vacant

Map

⚡ Insider Deal

Fixer Upper

$3,500,000

DOM15days

16 Cannon Street

Hamilton · Ontario L8L 1Z5

MLS® X13432900 · Beasley · L8L 1Z5

00Vacant< 700 ft²MultiplexNone15d$5,000/ft²Lot 114 x 110 ft$18,282 tax/yr

15 days on market

About this home

16 Cannon Street East represents a premier high-density redevelopment site in the heart of downtown Hamilton. The site is conditionally approved for a 16-storey, 130-unit residential tower totaling 89,066 SF of GFA. It is ideally situated within walking distance of West Harbour GO, Hamilton GO Centre, and the upcoming LRT stop, offering unmatched transit connectivity. The current use is a legally nonconforming 8-unit apartment building. The vendor makes no representations and warranties. Sold "a…

Reserved · coming next

MyPropertyScout exclusive

Reserve your Home Buyers Package

Could save you thousands on this purchase — closing strategy, negotiation & rebate.

MyStreetValue™ Analysis

This property doesn’t fit our automated model — unusual layout, wrong area match, or incomplete listing data. A Realtor can price it properly. Connect with a Realtor →

Property details

MLS#: X13432900
Status: Buy Now
Beds: 0
Baths: 0 full, 0 half
Size: < 700
Style: 2-Storey
Type: Multiplex
Year built: —

Roof: Unknown
Foundation: Unknown

Garage: None
Garage spaces: 0
Parking: 8 total
Lot: 114 × 110
Heating: Other
Heating fuel: Other
Cooling: Other
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Aluminum Siding · Controlled Entry
Fronting on: East
Cross street: Cannon St E & James St N
Basement: Other
Stories: —
Utilities: —
Laundry: —
Interior: Other
Parking features: Available

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room dimensions are not available for this listing.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

Source: TRREB/PROPTX · MLS® X13432900

Do you own a home in Hamilton?

Find out what it's worth — and what you'd walk away with after mortgage, commission and fees.

Get My StreetValue™ →

$3.50M

16 Cannon Street · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $3,500,000✓ $18,282 tax✓ Other✓ < 700 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$24,771/mo

incl. closing costs (yr 1)

Annual total

$297,252

year 1

Mortgage only

$13,278/mo

principal + interest

Beyond mortgage

$4,870/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$700,000

20%+ required — no CMHC insurance on $1.5M+ homes

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$1,524/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~700 ft² · ON avg ~$75/mo · assumes gas heat

Other$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%$35,000/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$73,975

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)54% $159,335/yr

Property taxes31% $92,257/yr

Utilities1% $3,960/yr

Insurance & security1% $1,600/yr

Maintenance12% $35,000/yr

Closing costs2% $5,100/yr

Mortgage is 54% of your true cost of ownership. The other 46% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$159,335	$13,278/mo
Government & taxes
Property tax	$18,282	$1,524/mo
Land transfer tax(closing)	$73,975	$6,165/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Other	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$35,000	$2,917/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	$297,252	$24,771/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.

Unlock Insider Deals

Sign in

16 Cannon Street

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Sales History

Request a Showing

Request a Showing

Annual costs