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For saleMLS® X13432900

16 Cannon Street E, Hamilton, ON L8L 1Z5

Beasley · L8L 1Z5

$3,000,000

$4,286 / sq ft

4 months on market

Interior
700 sf
Parking
8
Lot
114 × 110 ft

What's special

  • 8 parking spaces

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About this property

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.

Features

  • Other

Property details

Property

Property type
multiplex
Interior size
700 sq ft
Lot size
114 × 110 ft
Possession
Immediate

Interior

Basement
Other
Heating
Other · Other
Cooling
Other
Exposure
East

Exterior & services

Construction
Aluminum Siding
Parking spaces
8
Sewer
Sewer

Costs

List price
$3,000,000
Property taxes
$18,282 / year (2025)
Price per sq ft
$4,286

Listing

MLS® number
X13432900
Status
For sale
Listed
June 11, 2026
Days on market
146
Last updated
October 15, 2026
Listing brokerage
AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 99% of comparable multiplex listings in Hamilton are asking less.

$544KMedian $799K$1.58M
This home
$4,286 / sq ft
Comparable median
$400 / sq ft

Based on 80 comparable active multiplex listings in Hamilton. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $600,000
$600,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$13,270.01
Property tax (est.)
$1,523.52
Estimated monthly
$14,794

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$61,475
Total due on closing
$61,475

An estimate on the asking price of $3,000,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$3,000,000

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