466 Cannon Street E
Gibson, Hamilton
$585,000
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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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 100+ |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,783 |
| Lot Size | 21.5 ft x 95 ft |
| mls© Number | X13853956 |
| Listed By | Real Broker Ontario Ltd. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,994
- Property tax
- $315
- Heat allowance
- $150
- Housing costs
- $3,460 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$106,000
gross annual household income
- Payment at 4%
- $2,462 / mo
- Cash down
- $117,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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