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Hamilton (centremount), ON L9A1M1,15 EMPRESS AVENUE
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Hamilton (centremount), ON L9A1M1,15 EMPRESS AVENUE
Hamilton (centremount), ON L9A1M1,15 EMPRESS AVENUE
Hamilton (centremount), ON L9A1M1,15 EMPRESS AVENUE
Hamilton (centremount), ON L9A1M1,15 EMPRESS AVENUE
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CHRIS HOLM

CHRIS HOLM

+1(250) 309-0039
$ 759,000
Est. payment /mo
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15 EMPRESS AVENUE Hamilton (centremount), ON L9A1M1

2 Beds

3 Baths

1,500 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 1,500 sqft

Price per Sqft $506

Subdivision Centremount

MLS® Listing ID X12054365

Bedrooms 2

Half Baths 1

Property Sub-Type Freehold

Source Toronto Regional Real Estate Board

Property 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 alive/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.) (id:24570)

Location

Province ON

Rooms

Kitchen 1.0

Extra Room 1 Second level 3.04 m X 2.3 m Kitchen

Extra Room 2 Second level 3.45 m X 3.33 m Primary Bedroom

Extra Room 3 Second level 3.38 m X 3.07 m Bedroom

Extra Room 4 Second level 3.05 m X 1.73 m Bathroom

Extra Room 5 Basement 5.12 m X 3.3 m Recreational, Games room

Extra Room 6 Basement 2.26 m X 1.22 m Bathroom

Interior

Heating Radiant heat

Cooling Window air conditioner

Fireplaces Number 1

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 6

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Others

Ownership Freehold

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Listed by ROYAL LEPAGE STATE REALTY
agent

CHRIS HOLM

PERSONAL REAL ESTATE CORPORATION | License ID: 10430

+1(250) 309-0039

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