15 EMPRESS Avenue new Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L9A1M1
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,662 sqft
Price per Sqft $300
Subdivision 171 - Centremount
MLS Listing ID 40678313
Style 2 Level
Bedrooms 2
Half Baths 1
Year Built 1950
Property Description
This is a great opportunity to own a home that you can live in and either lease the main floor to a professional business while you enjoy 2 floors as your home, or use the main floor for your own business. This is a different kind of ownership that has more upfront cost, but the payoff could be huge in future by having a home and business in one building, or allowing a professional business tenant to help pay down the mortgage. This property has the best of both worlds being on the edge of commercial Upper James St and the edge of a great residential area with large Bruce Park just down the street. The down payment is higher at 35% - 50% and because it is mixed-use residential/commercial and HST is applied to the purchase price. These costs are the cost of doing business for this kind of investment home/business and ownership. Current owners ran a professional business in the home for over a decade, and, as such, the property has been well cared for. Previous ownership used the home as alive/work environment whereby the main floor was a doctor's office and the owner lived on the 2nd and lower level. Great location just off of Upper James St on Hamilton mountain, commercial zoning, could be live/work or a mixed commercial/residential, buy and hold opportunity for investors. New roof (shingles and plywood) November 2023. Freshly painted throughout. Updates in 2nd floor bathroom August 2024 (tub added and sink replaced) and kitchen includes eat-at counter station, stove added, light fixture replaced, and new fridge August 2024.) (id:24570)
Location
Province ON
Interior
Heating Radiant heat,
Cooling Window air conditioner
Fireplaces Number 1
Exterior
Garage No
Community Features High Traffic Area
Waterfront No
View Y/N No
Building
Story 2
Sewer Municipal sewage system