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27 GROVE STREET, Hamilton, Ontario

$859,900

3 Beds
3 Baths

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. (id:23309)

Listing ID: X10432413
Property Type: Single Family

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Details

Amenities Nearby: Hospital, Park, Place of Worship, Public Transit, Schools
Community Features: Community Centre
Features: Lane
Parking Spaces: 2
Transaction: For sale
Zoning Description: R1a

Building

Amenities: Separate Electricity Meters
Appliances: Dishwasher, Dryer, Range, Refrigerator, Stove, Washer
BasementType: N/A (Finished)
Basement Development: Finished
Basement Features: Apartment in basement, Walk out
Bedrooms Main Level: 2
Bedrooms Lower Level: 1
Cooling: Window air conditioner
Exterior Finish: Brick
Fireplace Present: False
Foundation: Block
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Natural gas
Stories Total: 2
Type: Triplex
Utility Water: Municipal water

Land

Amenities: Hospital, Park, Place of Worship, Public Transit, Schools
Sewer: Sanitary sewer
Size Frontage: 20 ft
Size Irregular: 20 x 92 FT

Listing provided by REVEL REALTY INC.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 27 GROVE STREET in Hamilton Ontario. It was last modified on November 20th, 2024. Contact the Lausic Team to schedule a viewing or to discover other Hamilton homes for sale.

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