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15 Empress Avenue Hamilton, Ontario L9A 1M1

2 Bedroom 3 Bathroom 2662 sqft
2 Level Fireplace Window Air Conditioner Radiant Heat

$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 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.) (id:50886)

Property Details

MLS® Number 40678313
Property Type Single Family
AmenitiesNearBy Airport, Park, Playground, Public Transit
CommunicationType High Speed Internet
CommunityFeatures High Traffic Area
EquipmentType Water Heater
Features Paved Driveway
ParkingSpaceTotal 6
RentalEquipmentType Water Heater

Building

BathroomTotal 3
BedroomsAboveGround 2
BedroomsTotal 2
Appliances Dryer, Refrigerator, Stove, Water Meter, Washer, Microwave Built-in, Window Coverings
ArchitecturalStyle 2 Level
BasementDevelopment Finished
BasementType Full (finished)
ConstructedDate 1950
ConstructionStyleAttachment Detached
CoolingType Window Air Conditioner
ExteriorFinish Brick
FireProtection Smoke Detectors
FireplacePresent Yes
FireplaceTotal 1
Fixture Ceiling Fans
FoundationType Block
HalfBathTotal 1
HeatingFuel Natural Gas
HeatingType Radiant Heat
StoriesTotal 2
SizeInterior 2662 Sqft
Type House
UtilityWater Municipal Water

Land

AccessType Road Access, Highway Access, Highway Nearby
Acreage No
LandAmenities Airport, Park, Playground, Public Transit
Sewer Municipal Sewage System
SizeDepth 116 Ft
SizeFrontage 41 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription C5a

Rooms

Level Type Dimensions
Second Level 4pc Bathroom 7'6'' x 6'6''
Second Level Bedroom 11'1'' x 10'1''
Second Level Primary Bedroom 11'4'' x 10'11''
Second Level Eat In Kitchen 10'0'' x 9'10''
Basement 3pc Bathroom 7'5'' x 4'0''
Basement Recreation Room 16'9'' x 10'10''
Main Level Office 10'9'' x 7'1''
Main Level Office 9'3'' x 7'7''
Main Level 2pc Bathroom 7'6'' x 6'6''
Main Level Office 7'10'' x 7'9''
Main Level Office 11'3'' x 6'6''
Main Level Living Room 20'10'' x 10'6''

Utilities

Cable Available
Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/27658369/15-empress-avenue-hamilton

Interested?

Contact us for more information


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Kimberley Maclean
Salesperson


Royal LePage State Realty
1122 Wilson Street W Suite 200
Ancaster, Ontario L9G 3K9

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