170 Cannon Street, Hamilton, ON
Central, Hamilton · MLS® X13417922
About this home
170 Cannon St. W. is located on a private one block long section of Cannon between Hess and Caroline in the heart of downtown Hamilton (this private offshoot of Cannon only accesses the 14 houses on this single block with no throughfare traffic). And just half a block away is the new Hamilton Central Park with its acres of amazing playgrounds, family areas and green space. Looking to live close to everything? In less than 5 minutes you can walk to all of the many vibrant amenities that downtown Hamilton has to offer, such as the downtown art district with its wonderful summer Art Crawl, the many amazing King William and James North restaurants, Jackson Square (stores, banks, restaurants, Hamilton Farmers Market, movie theatre and the impressive Nations Supermarket) and last but not least the Hamilton Public Library, The TD Centre (aka First Ontario Centre/Copps Coliseum), Hamilton Philharmonic Orchestra (HPO), Theater Aquarius and the Art Gallery of Hamilton (AGH). Note: The house total square footage calculations include the kitchen in the lower-level walkout.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- X13417922
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 700-1100
- Lot
- 25 × 112 ft
- Cross streets
- Hess & Caroline N
- Parking
- 1 parking
- Driveway
- Front Yard Parking
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Metal/Steel Siding
- Foundation
- Stone
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,328 / 2025
- Days on market
- 44
- Listing brokerage
- ROYAL LEPAGE STATE REALTY
Rooms
Listed at $399,900, this home is within the range of comparable homes, on the lower side. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Central, so I widened the search to the surrounding area.
Based on 9 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 9 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $678K, a bit higher.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, sold for $650K
- Size difference −$86K
- Bathrooms +$10K
- Adjusts to $574K
That comparable adjusts to $574K; the $558K estimate above is the median of all 9 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
Total price vs nearby homes. Fair value about $558K, median of 9 comparables.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 19% below the area average of $550/sqft.
41 days longer than the Hamilton average (3 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Central, Hamilton, ON
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Hamilton.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $319,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,707
- Property tax
- $361
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $2,068
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,474
- Estimated closing costs
- $4,474
Plus your down payment of $79,980. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $102,433
- Principal paid down
- $40,742
- Interest paid
- $61,691
- Balance remaining
- $279,178
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE STATE REALTY. MLS®/PropTx.