27 Grove Street Hamilton, Ontario L8N 1P4
$859,900
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. (id:50584)
Property Details
| MLS® Number | 40679486 |
| Property Type | Multi-family |
| Neigbourhood | Corktown |
| AmenitiesNearBy | Hospital, Park, Place Of Worship, Public Transit, Schools |
| CommunityFeatures | Community Centre |
| EquipmentType | Water Heater |
| Features | Paved Driveway |
| ParkingSpaceTotal | 2 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 3 |
| BedroomsTotal | 3 |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ExteriorFinish | Brick |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1482 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeDepth | 92 Ft |
| SizeFrontage | 20 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | R1a |
https://www.realtor.ca/real-estate/27668531/27-grove-street-hamilton
Salesperson
(905) 921-6253
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November 20 2024 04:46:03
REALTORS® Association of Hamilton-Burlington
Revel Realty Inc.