15 Empress Avenue Hamilton, Ontario L9A 1M1
$799,000
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, 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 a live/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, October 2024. Updated 2nd floor bathroom 0ctober 2024 (tub added and sink replaced) and kitchen includes eat-at counter station, stove added, light fixture replaced, and new fridge October 2024). (id:50886)
Property Details
| MLS® Number | X10427667 |
| Property Type | Single Family |
| Community Name | Centremount |
| AmenitiesNearBy | Park, Public Transit |
| EquipmentType | Water Heater |
| Features | Irregular Lot Size, Paved Yard, Carpet Free |
| ParkingSpaceTotal | 6 |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 2 |
| BedroomsTotal | 2 |
| Amenities | Fireplace(s) |
| Appliances | Water Heater, Water Meter, Dryer, Microwave, Oven, Refrigerator, Stove, Washer |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructionStyleAttachment | Detached |
| CoolingType | Window Air Conditioner |
| ExteriorFinish | Brick |
| FireplacePresent | Yes |
| FireplaceTotal | 1 |
| FoundationType | Block |
| HalfBathTotal | 1 |
| HeatingFuel | Natural Gas |
| HeatingType | Radiant Heat |
| StoriesTotal | 2 |
| SizeInterior | 1499.9875 - 1999.983 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Park, Public Transit |
| Sewer | Sanitary Sewer |
| SizeDepth | 116 Ft ,2 In |
| SizeFrontage | 41 Ft ,1 In |
| SizeIrregular | 41.1 X 116.2 Ft ; Rectangular Lot W/ Jut Out On West Side |
| SizeTotalText | 41.1 X 116.2 Ft ; Rectangular Lot W/ Jut Out On West Side|under 1/2 Acre |
| ZoningDescription | C5a |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Kitchen | 3.04 m | 2.3 m | 3.04 m x 2.3 m |
| Second Level | Primary Bedroom | 3.45 m | 3.33 m | 3.45 m x 3.33 m |
| Second Level | Bedroom | 3.38 m | 3.07 m | 3.38 m x 3.07 m |
| Second Level | Bathroom | 3.05 m | 1.73 m | 3.05 m x 1.73 m |
| Basement | Recreational, Games Room | 5.12 m | 3.3 m | 5.12 m x 3.3 m |
| Basement | Bathroom | 2.26 m | 1.22 m | 2.26 m x 1.22 m |
| Main Level | Office | 3.43 m | 1.98 m | 3.43 m x 1.98 m |
| Main Level | Office | 2.39 m | 2.36 m | 2.39 m x 2.36 m |
| Main Level | Office | 2.82 m | 2.31 m | 2.82 m x 2.31 m |
| Main Level | Office | 3.28 m | 2.16 m | 3.28 m x 2.16 m |
| Main Level | Bathroom | 2.29 m | 1.98 m | 2.29 m x 1.98 m |
https://www.realtor.ca/real-estate/27658457/15-empress-avenue-hamilton-centremount-centremount
Interested?
Contact us for more information
Kimberley Anne Maclean
Salesperson
1122 Wilson St West #200
Ancaster, Ontario L9G 3K9
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November 16 2024 08:19:41
Toronto Real Estate Board
Royal LePage State Realty