$ 859,900
27 Grove ST Hamilton, ON L8N 1P4
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$ 859,900
Est. payment | /mo
2 Beds
3 Baths
$ 859,900
Est. payment | /mo
2 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID X10432413
Style 2-Storey
Bedrooms 2
Annual Tax Amount $4,126
Tax Year 2024
Property Description
Beautifully renovated 3 unit building (legal non-conforming duplex, with spacious basement apartment) intrendy Corktown steps to public transit, GO Station, mountain access & James Street amenities. Buildingcurrently 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% downat a 4.99% interest rate (30 year amortization) with current rents & liabilities in place. Building features anew furnace, newer roof, luxury vinyl plank flooring, quartz countertops and stainless steel appliances. Eachunit boasts large floor plans with great flow. Upper unit is complete with soaring ceiling heights, exposedbrick & a private patio area. Main floor is a large 800 sqft, one bedroom apartment with an additional privatepatio area. Basement apartment has a private separate entrance with a walk-out to the side yard. All units areoccupied by single tenants. ***Can be packaged with property next door (25 Grove St), to allow for 6 unitpurchase***. Book your showing today! VACANT POSSESSION OF BASEMENT UNIT AS OF DEC 1ST, 2024.
Location
Province ON
County Hamilton
Area Corktown
Rooms
Family Room No
Basement Apartment, Finished with Walk-Out
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Separate Hydro Meter
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Garage Lane
Garage Spaces 2.0
Pool None
Waterfront No
Roof Type Asphalt Shingle
Total Parking Spaces 2
Building
Unit Features Hospital,Park,Place Of Worship,Public Transit,Rec./Commun.Centre,School
Foundation Concrete Block
Listed by REVEL REALTY INC.
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