$3,500,000
16 Cannon Street E, Hamilton, ON L8L 1Z5
Beasley · Hamilton · L8L 1Z5
Listing brokerage: AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
- Beds
- Studio
- Baths
- 0
- Sq ft
- < 700
- Parking
- 8
Monthly costs
Property taxes
$1,524/mo
$18,282 a year (2025)
The home
- Lot size
- 114 × 110 ft
- Style
- 2-Storey
- Parking
- 8 spots
- Faces
- East
- Heating · cooling
- Other
- Possession
- Immediate
About this home
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.
All details22 more from the listing · Interior, Heating, Parking, Exterior, Utilities, Taxes, Listing
Interior
- Bedrooms
- Studio
- Bathrooms
- 0
- Kitchens
- 0
- Rooms
- 0
- Size
- < 700 sq ft
Features
- Other
Heating & Cooling
- Heat source
- Other
Parking
- Covered spaces
- 0
Features
- Available
Exterior & Lot
- Exterior
- Aluminum Siding
Exterior features
- Controlled Entry
Utilities
- Sewer
- Sewer
Taxes & Fees
- HST
- In Addition To
Listing
- MLS® number
- X13432900
- Type
- Multiplex
- Transaction
- For Sale
- Neighbourhood
- Beasley
- Cross streets
- Cannon St E & James St N
- Co-listing brokerage
- AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
History
Past listings and sales for this home and building.
Location
16 Cannon Street E, Hamilton, ON L8L 1Z5 · Near Cannon St E & James St N
Monthly cost
Estimated monthly cost
$17,021/mo
- Mortgage
- $15,497
- Property tax
- $1,524
Amortization
Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.
Cash to close
Cash to close
$776,627
$700,000 down + $76,627 to $77,877 in closing costs
- Ontario land transfer tax
- $73,975
- Legal fees and disbursements
- $1,500 to $2,500
- Title insurance
- $250 to $500
- Property tax adjustment
- $902
Estimate only, not legal or tax advice. Rates as of 2026-10-14 from Ontario, City of Toronto and CMHC published rates. Legal and title figures are typical ranges. Adjustments assume the seller prepaid the closing month. First-time rebates have eligibility rules; confirm with your lawyer.
The listing information is deemed reliable but is not guaranteed accurate by PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
$3,500,000
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