15 EMPRESS Avenue, Hamilton, ON L9A1M1 – 40775306

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Nest Real Estate Group

nest Real Estate Group

info@nestgroup.ca +1(778) 788-6378

$ 749,900

Est. payment | -/mo

2 Beds

3 Baths

2,662 SqFt

Save

$ 749,900

Est. payment | -/mo

Save

2 Beds

3 Baths

2,662 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,662 sqft

Price per Sqft $281

Subdivision 171 - Centremount

MLS® Listing ID 40775306

Style 2 Level

Bedrooms 2

Half Baths 1

Year Built 1950

Property Sub-Type Freehold

Source Cornerstone Association of REALTORS®

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 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. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Extra Room 1 Second level 7'6'' x 6'6'' 4pc Bathroom

Extra Room 2 Second level 11'1'' x 10'1'' Bedroom

Extra Room 3 Second level 11'4'' x 10'11'' Primary Bedroom

Extra Room 4 Second level 10'0'' x 9'10'' Eat in kitchen

Extra Room 5 Basement 7'5'' x 4'0'' 3pc Bathroom

Extra Room 6 Basement 16'9'' x 10'10'' Recreation room

Interior

Heating Radiant heat,

Cooling Window air conditioner

Fireplaces Number 1

Exterior

Parking Features No

Community Features High Traffic Area

View Y/N No

Total Parking Spaces 6

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Architectural Style 2 Level

Others

Ownership Freehold

Listed by Royal LePage State Realty Inc.

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Nest Real Estate Group

Real Estate Team | License ID: 139039

info@nestgroup.ca

+1(778) 788-6378

# 1500 701 West Georgia Street, Vancouver, V7Y, 1G5, Canada

15 EMPRESS Avenue Hamilton, ON L9A1M1

Nest Real Estate Group

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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