27 Grove Street, Hamilton, ON, L8N 1P4

$859,900

MLS® # 40679454

House For Sale In Corktown, Hamilton, Ontario

$859,900

  • 3

    Bedrooms

  • 3

    Baths

  • 2

    Parking Spaces

Property Information:

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.

Inclusions: Dishwasher,Dryer,Range Hood,Refrigerator,Stove,Washer

Building Features:

  • Floor Space: 1482 Square Feet

Property Features:

  • Bedrooms: 3
  • Bathrooms: 3+0
  • Acres Range:
  • Architectural Style: Two Story
  • Basement: Separate Entrance, Walk-Out Access, Full, Finished
  • Construction Materials: Brick
  • Cooling: Window Unit(s)
  • Driveway Parking: Lane/Alley Parking
  • Floor Space (approx): 1482 Square Feet
  • Heating: Forced Air, Natural Gas
  • Interior Features: Separate Hydro Meters
  • Laundry Features: Coin Operated, Shared
  • Lot Depth: 92 Feet
  • Lot Features: Urban, Rectangular, Hospital, Library, Park, Place of Worship, Public Transit, Rec./Community Centre, Schools
  • Lot Frontage: 20.00 Feet
  • Parking Features: Asphalt
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: R1a
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 2

Rooms:

  • Bedroom 2nd Level 3.05 X 2.44
  • Bedroom Basement Level 2.13 X 2.74
  • Bedroom Main Level 2.44 X 2.44
  • Bathroom Main Level 1.83 X 1.52
  • Bathroom 2nd Level 1.83 X 1.52
  • Bathroom Basement Level 1.52 X 1.83

Courtesy of: Revel Realty Inc.

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Additional Photos