Map
$X
Sign In to see price

236

MLS® 40775306

Overview

Key Facts

Type Single Family Residence
Levels Residential
Size 1623 sqft
Garage No
Taxes $7,522
Lot Size 
Approx. Age 1950
Avg. Price Per Sqft $462
MLS® Number 40775306

Property Address: 15 Empress Ave, Hamilton, ON, L9A1M1

Average square foot calculated using Size range provided by listing agent.

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 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. 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.Show Description
MLS® Number40775306
Laundry LevelIn Basement
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1950
BasementSeparate Entrance, Full, Finished
DrivewayAsphalt
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Built-in Microwave, Dryer, Refrigerator, Stove, Washer, Window Coverings, Built-In Microwave, Dryer, Fridge, Stove, Washer, Window Coverings.

Rooms

Show Details
Kitchen:Second FloorNot available

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price

Map

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties