15 Empress Avenue, Hamilton ON L9A 1M1

$ 799,000
15 Empress Avenue, Hamilton ON L9A 1M1,
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Overview

  • Updated On:
  • December 18, 2024
  • 2 Bedrooms
  • 3 Bathrooms
  • 1,623 ft2

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.)

Address: 15 Empress Avenue, Hamilton ON L9A 1M1
City:
State/County:
Zip: L9A 1M1
Country: CA
Open In Google Maps
Property Id : 2325517
Price: $ 799,000
Property Size: 1,623 ft2
Rooms: 12
Bedrooms: 2
Bathrooms: 3
Outdoor Details
balcony
Other Features
Built-in Microwave
Ceiling Fan(s)
Dryer
Electrical Utility Available
Has Fireplace
Has Heating System
High Speed Internet
In-law Capability
Open Parking
Refrigerator
Stove
Washer
Water Heater
Water Meter
$ 3,097.88
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,097.88

Mazher Latif

Real Estate Agent
Member of: Cityscape Real Estate Ltd., Brokerage

Contact Me

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Call +1 (519) 209-6934 WhatsApp

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Mazher Latif