Property Information:
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, 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 a live/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. Updated 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:27)
Building Features:
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Style:
Detached
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Building Type:
House
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Air Conditioning:
Yes
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Amenities:
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Basement Development:
Finished
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Basement Type:
Full
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Construction Style - Attachment:
Detached
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Exterior Finish:
Brick
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Fireplace:
Yes
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Foundation Type:
Block
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Heating Type:
Radiant heat
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Heating Fuel:
Natural gas
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Cooling Type:
Window air conditioner
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Appliances:
Water meter, Dryer, Microwave, Oven, Refrigerator, Stove, Washer
