LiveMLS X12568826Buy & hold

585 CANNON STREET E · Multi-family

Hamilton, ON · Multi-family · 3 units

$849,999listed

Workable offer

Hamilton market brief →

RentCapPrice/door

Locked, not loading — the underwrite opens with a trial or an account.

Score

DSCR

Cash to close

All-in with reserves

Sign in for the underwriteA licensed broker reads it and replies by email, usually within a business day.View on Realtor.ca

What this listing is

585 CANNON STREET E is a 3-unit multi-family in Hamilton, ON, asking $849,999 — $283,333 per door.

That lands inside the Hamilton band of $230k - $390k per door, so the ask is not the thing that decides this deal — the rent roll is. Hamilton cap rates screen 4.7% - 6.1% and average rent runs about $2,050 a door.

At 3 units this finances as residential, not commercial — MLI Select starts at five units. The qualifying rate still applies: federally regulated lenders test a 1–4 unit rental at the greater of your contract rate plus two points or 5.25%.

Hamilton can still offer workable small-multifamily economics, especially where transit and rent lift align. Investor demand reads high, vacancy tight.

Asking price: $849,999
Units: 3 units
Property type: Multi-family
Location: Hamilton, ON
Price per door: $283,333
Hamilton cap band: 4.7% - 6.1%
Hamilton average rent: $2,050

The underwrite — investment score, cap rate on the real rent roll, DSCR at the qualifying rate, cash to close, and the offer band this desk would actually bid — opens with a free account.