$799,000
Available - For Sale
Listing ID: X10427667
15 Empress Ave , Hamilton, L9A 1M1, Ontario
| 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. Updated 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. |
| Price | $799,000 |
| Taxes: | $7074.00 |
| Address: | 15 Empress Ave , Hamilton, L9A 1M1, Ontario |
| Lot Size: | 41.09 x 116.20 (Feet) |
| Acreage: | < .50 |
| Directions/Cross Streets: | Upper James St |
| Rooms: | 14 |
| Bedrooms: | 2 |
| Bedrooms +: | |
| Kitchens: | 1 |
| Family Room: | N |
| Basement: | Finished, Full |
| Approximatly Age: | 51-99 |
| Property Type: | Detached |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| (Parking/)Drive: | Available |
| Drive Parking Spaces: | 6 |
| Pool: | None |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 1500-2000 |
| Property Features: | Library, Park, Public Transit |
| Fireplace/Stove: | Y |
| Heat Source: | Gas |
| Heat Type: | Radiant |
| Central Air Conditioning: | Window Unit |
| Laundry Level: | Lower |
| Sewers: | Sewers |
| Water: | Municipal |
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| ROYAL LEPAGE STATE REALTY |
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|
Simon Huang
Broker
Bus:
905-241-2222
Fax:
905-241-3333
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Centremount |
| Style: | 2-Storey |
| Lot Size: | 41.09 x 116.20(Feet) |
| Approximate Age: | 51-99 |
| Tax: | $7,074 |
| Beds: | 2 |
| Baths: | 3 |
| Fireplace: | Y |
| Pool: | None |
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