16 Cannon St E is a multiplex in Hamilton, listed for $3,000,000. It has < 700 sq ft of living space.
116 Cannon Street East represents a premier high-density redevelopment site in the heart of downtown Hamilton.
2The site is conditionally approved for a 16-storey, 130-unit residential tower totaling 89,066 SF of GFA.
3It is ideally situated within walking distance of West Harbour GO, Hamilton GO Centre, and the upcoming LRT stop, offering unmatched transit connectivity.
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 "as is, where is. Potential 132,000 SF High-Density Development Opportunity in Downtown Hamilton. A new owner has the ability to take the site back to the Committee of Adjustment and apply for additional height, unlocking up to 132,000 SF of total Gross Floor Area (GFA). This aligns with Downtown Hamilton's high-rise intensification policies that support up to 30 storeys. The opportunity allows for significant added density at a competitive land cost of approximately $35 per buildable square foot.
works out to roughly $4,286 per square foot. Chat with Zara if you'd like a deeper read on whether this multiplex fits your budget and timing.
Inside 16 Cannon St E
Every detail from the listing, in one place.
Type
Multiplex
Style
2-Storey
Living space
< 700 sq ftas stated on the listing
Parking
8 spaces
Basement
Other
Features & systems
Parking & garage
Parking spaces
8
Interior
Basement
Other
Lot & land
Lot size (sqft)
0.217
Listing & possession
Property style
2-Storey
Property class
Multiplex
16 Cannon St E Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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
$14,738
/mo
based on the purchase price of $3,000,000
$600,000 cash
$2,400,000 financed
$2,021,430 total interest
Principal54%$2,400,000
Interest46%$2,021,430
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
Own a home on Cannon Street East? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 16 Cannon St E with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 16 Cannon St E day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
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 7–12 bed homes for sale in Hamilton around $3.0M.
Average days on market41Homes sold in about 41 days on average.
Sale-to-list ratio97.0%On average, homes sold below asking.
Active listings2,433Homes for sale here right now.
Median vs prior 90 days−2.9%Compared with May 12 – Aug 10, 2026: prices down.
Based on 1,780 sales from Aug 10 – Nov 8, 2026 (1,552 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
16 Cannon St E is listed at $3,000,000 (MLS® X13432900). Summitly updates the price as soon as the MLS® record changes.
Is $3,000,000 a good price for 16 Cannon St E?
Summitly rates it Well Above Market: the asking price is 15% or more above 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 16 Cannon St E changed?
Yes — it was first listed at $3,500,000 and is now $3,000,000, a drop of $500,000 (14.3%).
How many bedrooms and bathrooms does 16 Cannon St E have?
16 Cannon St E has about 700 square feet of living space. The listing doesn't publish a bedroom or bathroom count. It is a multiplex in Hamilton.
Is 16 Cannon St E close to transit?
The nearest rapid-transit station is West Harbour GO Station (Lakeshore West GO), about 690 m (about a 9-minute walk) in a straight line. Hamilton GO Centre GO Station is about 840 m (about a 10-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 16 Cannon St E?
About $14,738 a month — principal and interest on $3,000,000 with 20% down ($600,000), 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 16 Cannon St E compare with other homes in Hamilton?
Its asking price of $3,000,000 is about 344% above the median sold price in Hamilton over the last 90 days, $675,000, across 1,780 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 16 Cannon St E been sold before?
Summitly has no earlier MLS® sale or lease of 16 Cannon St E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 16 Cannon St E?
16 Cannon St E is in Hamilton, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 16 Cannon St E been on the market?
150 days — 16 Cannon St E was listed on June 11, 2026.
What is the price per square foot of 16 Cannon St E?
About $4,286 per square foot: the asking price of $3,000,000 over the 700 sq ft the listing gives.
