Homula Realty Brokerage
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269 Cannon Street E, Hamilton, ON L8L 2B4

Store W Apt/Office
$519,900

Perfect Live/Work Investment! Detached 2-storey mixed-use property located just steps from Hamilton General Hospital with less 500 meter and walking 8 minutes for sale with purchase closing of vacant, capitalizing on massive daily hospital foot traffic. Great location with high traffic, high exposure and on a rapidly revitalizing corridor in Hamilton downtown, also close to TD Coliseum, West Harbour Go Station and Bayfront Park. This brick building offers a commercial storefront downstairs and an apartment upstairs. A kitchen with a laundry and access to its apartments are located on the ground floor. They are attractive for owner-operators who want to live and work under one roof. Excellent and rare opportunity to acquire a small commercial space in the heart of Hamilton's prime medical-hub with the $1 billion+ HGH expansion & redevelopment, and the LRT B-Line corridor. Bonus upper level features a separate, self-contained residential unit ideal for live-work buyers or immediate rental income to maximize your yield. Separated entrances, electricity meters, breaker panels and bathrooms. Partial unfinished basement with trap door, storage and utility rooms. Small backyard, rear driveway of one spot. Front street parking available. Since April 2017, lots of upgrade done, including modifications to comply with By-Law requirements. Although not a high-end home renovation, while these are also conditions for moving in. *For Additional Property Details Click The Brochure Icon Below*

MLS number
X13422278
Type
Store W Apt/Office
Status
Active
Bedrooms
Bathrooms
Postal code
L8L 2B4
Photos
16
Property tax
$5,002 / year
95days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to this street. The listing did not say which direction, and every candidate was in the same place.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Dr. J. Edgar Davey Elementary Public School
Hamilton-Wentworth DSB
Elementary415 m4.9 / 10
49% met the standard
St. Patrick Catholic Elementary School
Hamilton-Wentworth CDSB
Elementary614 m6.4 / 10
64% met the standard
Cathedral High School
Hamilton-Wentworth CDSB
Secondary765 m5.4 / 10
54% met the standard · 2 of 6 measures
Cathy Wever Elementary Public School
Hamilton-Wentworth DSB
Elementary731 m5.1 / 10
51% met the standard
Bennetto Elementary School
Hamilton-Wentworth DSB
Elementary1.2 km4.4 / 10
44% met the standard
St. Lawrence Catholic Elementary School
Hamilton-Wentworth CDSB
Elementary1.3 km6.8 / 10
68% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 498 people.

$70,500Median household income
51.5%Own their home
30.6%Detached houses
42.8Median age
30.6%Born outside Canada
10.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35250476 — the few blocks around this address, home to 498 people. It describes the area, not this property.

498Population
45.9Average age
2.4Household size
$80,000Average household income
$70,500Median household income
52%Own their home
49%Rent
0%Condominiums
31%Born outside Canada
10%University degree
$480,000Average home value
12%Low income
84%Not in the labour force
33%Never married
$15,000 to $19,9994%
$25,000 to $29,9992%
$30,000 to $34,9994%
$35,000 to $39,9994%
$40,000 to $44,9994%
$45,000 to $49,9994%
$50,000 to $59,9999%
$60,000 to $69,9994%
$70,000 to $79,9999%
$80,000 to $89,9994%
$90,000 to $99,9994%
$100,000 and over22%
$100,000 to $124,9999%
$125,000 to $149,9997%
$150,000 to $199,9992%
$200,000 and over4%

Percentages are of the 225 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$103,980 · minimum here is $26,990
$2,302.00per month
Borrowed before insurance$415,920
Total borrowed$415,920
Interest over 25 years at 4.5%$274,681

If you rented it out

-$2,718.84per month out of pocket
Rent$0.00
Everything it costs to hold$2,718.84
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by ICI SOURCE REAL ASSET SERVICES INC.. Listing data provided by the Toronto Regional Real Estate Board.