27 Grove Street, Hamilton ON L8N 1P4

$ 829,900
27 Grove Street, Hamilton ON L8N 1P4,
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Overview

  • Updated On:
  • January 17, 2025
  • 3 Bedrooms
  • 3 Bathrooms
  • 1,482 ft2

Description

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: $1,500 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!

Address: 27 Grove Street, Hamilton ON L8N 1P4
City:
State/County:
Zip: L8N 1P4
Country: United States
Open In Google Maps
Property Id : 2438160
Price: $ 829,900
Property Size: 1,482 ft2
Bedrooms: 3
Bathrooms: 3
Other Features
Dishwasher
Has Heating System
Open Parking
Refrigerator
Separate Hydro Meters
Stove
$ 3,217.69
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 3,217.69

Mazher Latif

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

Contact Me

Schedule a showing?
Call +1 (519) 209-6934 WhatsApp

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Mazher Latif