ID 821464

27 GROVE Street, Hamilton, Ontario L8N 1P4

27 GROVE Street, Hamilton, Ontario L8N 1P4
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Get more details

$859,900.00

  • 3 bedrooms
  • 3 bathrooms
  • 1,482 Square Feet

Beautifully renovated 3 unit building (legal non-conforming duplex, with spacious basement apartment) in trendy Corktown steps to public transit, GO Station, mountain access & James Street amenities. Building currently grosses $5,100/ monthly (Main Floor Unit: $1,800 + hydro, Upper Unit: $1,900 + hydro, Lower Unit: $1,400 all inclusive), which gives the ability to cash flow at ~$700/ monthly/ 5.44% cap rate with 20% down at a 4.99% interest rate (30 year amortization) with current rents & liabilities in place. Building features a new furnace, newer roof, luxury vinyl plank flooring, quartz countertops and stainless steel appliances. Each unit boasts ... read more

Beautifully renovated 3 unit building (legal non-conforming duplex, with spacious basement apartment) in trendy Corktown steps to public transit, GO Station, mountain access & James Street amenities. Building currently grosses $5,100/ monthly (Main Floor Unit: $1,800 + hydro, Upper Unit: $1,900 + hydro, Lower Unit: $1,400 all inclusive), which gives the ability to cash flow at ~$700/ monthly/ 5.44% cap rate with 20% down at a 4.99% interest rate (30 year amortization) with current rents & liabilities in place. Building features a new furnace, newer roof, luxury vinyl plank flooring, quartz countertops and stainless steel appliances. Each unit boasts large floor plans with great flow. Upper unit is complete with soaring ceiling heights, exposed brick & a private patio area. Main floor is a large 800 sqft, one bedroom apartment with an additional private patio area. Basement apartment has a private separate entrance with a walk-out to the side yard. All units are occupied by single tenants. ***Can be packaged with property next door (25 Grove St), to allow for 6 unit purchase***. Book your showing today! VACANT POSSESSION OF BASEMENT UNIT AS OF DEC 1ST, 2024. (id:25417)

  • Listing ID: 40679454
  • Property Type: Single Family
Property
Style: 2 Level
Ownership: Freehold
Lot Size: 1/2 - 1.99 Acres
Parking: 2 Spaces
Building
Type: Single Family House
Appliances: Dryer, Hood Fan, Refrigerator, Stove, Washer and Dishwasher
HVAC: Fireplace, Forced Air and Window Air Conditioner
Natural Gas
Exterior: Brick
Basement: Full (Finished)
Utilities: Municipal Sewage System
Location
City: Hamilton
Province: Ontario
Nearby Amenities: Community Centre, Hospital, Park, Place Of Worship, Public Transit and Schools
Rooms Level Dimensions
4pc Bathroom Second level 6'0'' x 5'0''
Bedroom Second level 10'0'' x 8'0''
4pc Bathroom Basement 5'0'' x 6'0''
Bedroom Basement 7'0'' x 9'0''
4pc Bathroom Main level 6'0'' x 5'0''
Bedroom Main level 8'0'' x 8'0''

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27 GROVE Street, Hamilton, Ontario L8N 1P4
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This property, located on GROVE Street in Hamilton Ontario, was published on November 20th, 2024. See if this home suits your needs, or speak with an agent about subscribing to similar homes. At MoveMeTo.com, we make finding homes for sale in Hamilton convenient.

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