Active

27 Grove Street

Hamilton ON, L8N 1P4

C$859,900


C$580.23 per sqft

Active

3 Beds

3 Baths

1,482 sqft

Multi-family

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.

40679486

MLS ID

November 20, 2024

Listed

November 20, 2024

Updated

Map

27 Grove Street
Hamilton ON, L8N 1P4

Interior Features

Total Stories

2


Bedrooms

3


Total Bathrooms

3


Interior Features

Separate Hydro Meters


Appliances

Dishwasher, Refrigerator, Stove


Laundry Description

Shared


Fireplace

No


Cooling

No


Cooling Description

Other


Heating

Yes


Heating Description

Forced Air, Natural Gas

Exterior/Building Features

Lot Features

Rectangular, Hospital, Park, Place of Worship, Public Transit, Rec/Community Centre, Schools


Roof

Asphalt Shing


Sewer

Sewer (Municipal)

Other Property Details

Area Name

14 - Hamilton Centre


Taxes

$4,129


Tax Frequency

Annually


Garage

No


Parking

Asphalt


Parking Total

2


View

No


County

Hamilton


Water Source

Municipal


Pool

No


Zoning

R1a

 

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