What is the price of this residential freehold in Hamilton?

This residential freehold is currently listed for sale. Contact SousaSells.ca for the most up-to-date pricing information and to schedule a viewing.

What is the square footage of this property?

The living area is approximately 2000-2500.

When was this property built?

Year built information is available upon request. Contact SousaSells.ca for complete property details.

How can I schedule a viewing of this property?

You can schedule a viewing by contacting SousaSells.ca directly through our website or by phone. Our experienced agents will arrange a convenient time for you to tour the property.

What type of property is this?

This is a residential freehold located in Hamilton.

585 Cannon Street, Hamilton, ON

$849,999

MLS#:X12568826

7 beds

6 baths

2000-2500 sqft

Residential Freehold

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Added:Nov 18, 2025(284 days ago)

•

Updated:Jun 19, 2026(71 days ago)

Last Checked:5 minutes ago

Property Highlights

Welcome to this remarkable Other multiplex located in the coveted neighborhood of Gibson. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $849,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

7 Bedrooms and 6 Bathrooms with 6 functional kitchens
Generous living space spanning 2000-2500 sqft on a premium 16.2 x 60.16 ft lot
Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
0.0 total parking spaces available
Notable attributes: None
equipped with window unit(s) central cooling and highly efficient forced air heating via gas

Description

Residential property with 6 units, investment property with Electrical(200Amp), GROSS income over 65K per YEAR. GOOD TENANT PROFILE with stable rent income.

Work with the SOUSA TEAM to unlock your . If we are unable to negotiate your purchase price below asking, we'll rebate you up to $10,000!*

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Property Summary

This multiplex located at 585 Cannon Street, Hamilton is currently for sale and has been available on SousaSells for 284 days. This property is listed at $849,999 with an estimated mortgage of $2,829* per month. It has 7 beds, 6 bathrooms, and is 2000-2500 square feet. 585 Cannon Street, Hamilton is in the Gibson neighborhood.

Work with the SOUSA TEAM to unlock your .

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Is this a Good Home for Families?

Yes! Featuring 7 bedrooms and 6 bathrooms, this home offers ample space and comfort for growing families in Gibson, Hamilton.

Highly Recommended for Families

What We Love About This Home

•7 spacious bedroom layout offering versatile living space
•6 well-appointed bathrooms
•2000-2500 sqft of generous functional square footage

Standout Features & Layout

Who Should Buy This Home?

Growing families needing multi-bedroom flexibility and space in Gibson, Hamilton.

Target Buyer Match

Key Features

Bedrooms

Bathrooms

Kitchens

Living Area

2000-2500 sqft

Property Type

Residential Freehold

Additional Details

StatusPrice Change

AddedNov 18, 2025 (284 days ago)

UpdatedJun 19, 2026 (71 days ago)

Last Checked5 minutes ago

Transaction TypeFor Sale

Property Details

Property Sub-TypeMultiplex

Architectural StyleOther

ConstructionBrick

BasementApartment, Separate Entrance

Lot Size16.2 × 60.16 Feet

CountyHamilton

Annual Tax$3,742.85

Legal DescriptionPT LTS 65 & 66, PL 219 , AS IN CD481665 ; S/T & T/W CD481665 ; HAMILTON

Parking & Garage

Parking Total0.0

Parking Space0

Garage TypeNone

Heating & Cooling

Heat SourceGas

Heat TypeForced Air

CoolingWindow Unit(s)

Features

Property Features

None listed

Interior Features

None

Security Features

None listed

Community Features

None listed

Frequently Asked Questions about 585 Cannon Street, Hamilton, ON

Q.What is the asking price for 585 Cannon Street, Hamilton, ON ?

The current listing price for 585 Cannon Street, Hamilton, ON in Gibson, Hamilton is $849,999.

Q.How many bedrooms and bathrooms does this property have?

This property features 7 bedrooms and 6 bathrooms across approximately 2000-2500 sqft.

Q.What property type and architectural style is 585 Cannon Street, Hamilton, ON ?

585 Cannon Street, Hamilton, ON is a Multiplex (Other) featuring a Apartment, Separate Entrance basement.

Q.What interior features are included in this home?

Interior highlights include: None.

Q.Is parking available at this property?

Yes, this property offers parking space for 0.0 vehicle (None).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Window Unit(s).

Virtual Tour & 3D Walkthrough

Virtual 360° Walkthrough & Live Video Tour

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Location

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585 Cannon Street, Hamilton, ON

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Neighborhood Safety Index

Neighborhood Safety & Crime Analytics

Gibson, Hamilton

SAFETY RATING8.0 / 10

Low Incident Area

Total Annual Incidents108 incidents / yr

Average Per Month9.0 incidents / mo

Population Benchmark14,000 residents

Personal Safety

Moderate

52 assaults (371.4/100k)

Property Security

Moderate

18 B&E (128.6/100k)

Auto Theft Risk

Elevated

20 thefts (142.9/100k)

1-Year Trend

▼ 1.8%

Improving vs previous year

How Per-Capita Rate (Per 100,000 Residents) Is Calculated:

Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.

Source: Hamilton Police Service (HPS) Open Data

Halton & GTHA Police Network

Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 585 Cannon Street E, Hamilton, ON L8L 2G6

Estimated Sales Range

$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed

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Properties in this area are selling at a steady pace.

Market Trend

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Hamilton.

Configure Loan Settings

Interest Rate4.00%

Down Payment$255,000 (30.0%)

* Minimum Canadian down payment required for this price is $60,000.

Amortization Period30 Years

Estimated Monthly Payment$2,829Based on a loan of $594,999 over 30 years.

Purchase Price$849,999

Loan Amount$594,999

Provincial Land Transfer Tax:$13,475

Total Estimated Closing Taxes:$13,475

About Purchasing a Home in Hamilton, ON

For a property listed at $849,999 in Hamilton, the legal minimum down payment is $60,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $13,475 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $13,475.

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Gibson, Hamilton Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Gibson, Hamilton.

Verified Local Data

City Population6,202,225

City Median Age39.6 Yrs

City Ownership65% Owners

Avg Area List Price$731,949

People & Families

Age Distribution

Household Composition

One-person households

25%

Families with children

50%

Couples without children

24%

Other households

Top Ethnic Origins

Chinese11%

English9%

Indian9%

Irish8%

Best Schools in Gibson, Hamilton

Elementary Schools

St Ann's

PublicSherman Avenue North, Stipeley, Hamilton, Ontario, L8L 0B8

Rank

1850

5.6

Prince of Wales

Public77 Melrose Avenue North, Stipeley, Hamilton, Ontario, L8L 6X4

Rank

2657

3.9

Cathy Wever

Public160 Wentworth Street North, Gibson, Hamilton, Ontario, L8L 5V7

Rank

2963

2.1

Adelaide Hoodless

Public71 Maplewood Avenue, Blakeley, Hamilton, Ontario, L8M 1W7

Rank

993

6.8

St Patrick's

Public20 East Avenue South, Landsdale, Hamilton, Ontario, L8N 3X1

Rank

2588

4.1

Secondary Schools

Cathedral

Public30 Wentworth Street North, Gibson, Hamilton, Ontario, L8L 8H5

Rank

591

4.6

Bernie Custis

Public1055 King Street East, Stipeley, Hamilton, Ontario, L8M 1C3

Rank

725

2.2

Gibson, Hamilton Demographic Home information

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%

Rented35%

Need more details or a custom CMA?

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.