Active
27 Grove Street
Hamilton ON, L8N 1P4
C$859,900
C$580.23 per sqft
Active
3 Beds
3 Baths
1,482 sqft
Residential
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.
40679454
MLSⓇ ID
November 20, 2024
Listed
November 20, 2024
Updated
Map
27 Grove Street
Hamilton ON, L8N 1P4
Interior Features
Bedrooms
3
Total Bathrooms
3
Full Bathrooms
3
Interior Features
Separate Hydro Meters
Appliances
Dishwasher, Dryer, Range Hood, Refrigerator, Stove, Washer
Laundry Description
Coin Operated, Shared
Fireplace
No
Cooling
No
Cooling Description
Window Unit(s)
Heating
Yes
Heating Description
Forced Air, Natural Gas
Exterior/Building Features
Lot Features
Urban, Rectangular, Hospital, Library, Park, Place of Worship, Public Transit, Rec/Community Centre, Schools
Architectual Style
Two Story
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