27 Grove Street Hamilton (Corktown), Ontario L8N 1P4
$859,900
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. (id:41954)
Property Details
| MLS® Number | X10432413 |
| Property Type | Single Family |
| Community Name | Corktown |
| Amenities Near By | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Community Features | Community Centre |
| Features | Lane |
| Parking Space Total | 2 |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 2 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 3 |
| Amenities | Separate Electricity Meters |
| Appliances | Dishwasher, Dryer, Range, Refrigerator, Stove, Washer |
| Basement Development | Finished |
| Basement Features | Apartment In Basement, Walk Out |
| Basement Type | N/a (finished) |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Place Of Worship, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 92 Ft |
| Size Frontage | 20 Ft |
| Size Irregular | 20 X 92 Ft |
| Size Total Text | 20 X 92 Ft |
| Zoning Description | R1a |
https://www.realtor.ca/real-estate/27669266/27-grove-street-hamilton-corktown-corktown
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November 20 2024 06:44:40
Toronto Real Estate Board
Revel Realty Inc.