Welcome to 131 cannon street, Excellent Investment Opportunity in Hamilton's Growing Beasley Neighborhood! Discover the income-generating potential of this spacious 2-storey brick property, ideally situated near downtown Hamilton. Currently fully tenanted with 7 rented rooms, this property offers an opportunity for investors seeking an established rental arrangement and future appreciation potential. Featuring 1 kitchen, 3 bathrooms, a finished basement with walk-out, and a versatile multi-level layout. Conveniently located close to public transit. Excellent potential for investors looking to expand their real estate portfolio. Don't miss this opportunity to invest in Hamilton's rental market!
5 bedrooms, 3 bathrooms, about 1,500 sq ft, works out to roughly $350 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 131 Cannon St E
Every detail from the listing, in one place.
Type
Detached
Style
2 1/2 Storey
Living space
1500-2000 sq ftas stated on the listing
Basement
Crawl Space, Finished
Features & systems
Parking & garage
Parking spaces
0
Interior
Basement
Crawl Space · Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2 1/2 Storey
Property class
Detached
131 Cannon St E Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14179160$525,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 131 Cannon St E Compares to the Hamilton Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,579
/mo
based on the purchase price of $525,000
$105,000 cash
$420,000 financed
$353,750 total interest
Principal54%$420,000
Interest46%$353,750
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Zara · AI virtual agent
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Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Hamilton
Other 4–6 bed homes for sale in Hamilton around $525K.
Average days on market41Homes sold in about 41 days on average.
Sale-to-list ratio96.9%On average, homes sold below asking.
Active listings2,431Homes for sale here right now.
Median vs prior 90 days−3.0%Compared with May 17 – Aug 15, 2026: prices down.
Based on 1,785 sales from Aug 15 – Nov 13, 2026 (1,563 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 131 Cannon St E
How much is 131 Cannon St E listed for?
131 Cannon St E is listed at $525,000 (MLS® X14179160). Summitly updates the price as soon as the MLS® record changes.
Is $525,000 a good price for 131 Cannon St E?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Hamilton. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 131 Cannon St E changed?
No — 131 Cannon St E is still listed at its original asking price of $525,000.
How many bedrooms and bathrooms does 131 Cannon St E have?
131 Cannon St E has 5 bedrooms and 3 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in Hamilton.
How much would the monthly mortgage be on 131 Cannon St E?
About $2,579 a month — principal and interest on $525,000 with 20% down ($105,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 131 Cannon St E compare with other homes in Hamilton?
Its asking price of $525,000 is about 22% below the median sold price in Hamilton over the last 90 days, $672,000, across 1,785 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 131 Cannon St E been sold before?
Summitly has no earlier MLS® sale or lease of 131 Cannon St E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 131 Cannon St E?
131 Cannon St E is in Hamilton, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 131 Cannon St E been on the market?
131 Cannon St E was listed today (November 13, 2026).
What is the price per square foot of 131 Cannon St E?
About $263 to $350 per square foot: the asking price of $525,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 131 Cannon St E have a basement, and is it finished?
The listing describes the basement as: Crawl Space, Finished.
What is the land transfer tax on 131 Cannon St E?
About $6,975 in Ontario land transfer tax at the asking price of $525,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
