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$859,900
Available - For Sale
Listing ID: X10432413
Beautifully renovated 3 unit building (legal non-conforming duplex, with spacious basement apartment) intrendy Corktown steps to public transit, GO Station, mountain access & James Street amenities. Buildingcurrently 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% downat a 4.99% interest rate (30 year amortization) with current rents & liabilities in place. Building features anew furnace, newer roof, luxury vinyl plank flooring, quartz countertops and stainless steel appliances. Eachunit boasts large floor plans with great flow. Upper unit is complete with soaring ceiling heights, exposedbrick & a private patio area. Main floor is a large 800 sqft, one bedroom apartment with an additional privatepatio area. Basement apartment has a private separate entrance with a walk-out to the side yard. All units areoccupied by single tenants. ***Can be packaged with property next door (25 Grove St), to allow for 6 unitpurchase***. Book your showing today! VACANT POSSESSION OF BASEMENT UNIT AS OF DEC 1ST, 2024.
Price $859,900
Taxes: $4,126.34
Address: 27 Grove St , Hamilton, L8N 1P4, Ontario
Lot Size: 20 x 92 (Feet)
Directions/Cross Streets: Wellington St S
Rooms: 7
Bedrooms: 2
Bedrooms +: 1
Washrooms: 3
Kitchens: 2
Kitchens +: 1
Family Room: N
Basement: Apartment
Fin W/O
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Bsmt
Washroom 3:  4 2nd
Property Type: Triplex
Style: 2-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Lane
Drive Parking Spaces: 2
Pool: None
Approximatly Age: 100+
Property Features: Hospital
Park
Place Of Worship
Public Transit
Rec Centre
School
Fireplace/Stove: N
Heat Source: Gas
Heat Type: Forced Air
Central Air Conditioning: Window Unit
Sewers: Sewers
Water: Municipal
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REVEL REALTY INC.

27 Grove St , Hamilton, L8N 1P4, Ontario

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Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Triplex
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Corktown
Style: 2-Storey
Lot Size: 20.00 x 92.00(Feet)
Approximate Age: 100+
Tax: $4,126.34
Maintenance Fee: $0
Beds: 2+1
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Maria Tompson Sales Representative Re/Max Example Inc, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854
Personal Picture
Maria Tompson
Sales Representative
Re/Max Example Inc, Brokerage
Independently owned and operated.
support@bestforagents.com

 

 

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