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. 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. (id:61015)
Property Details
| MLS® Number | X10427667 |
| Property Type | Single Family |
| Community Name | Centremount |
| Amenities Near By | Park, Public Transit |
| Equipment Type | Water Heater |
| Features | Irregular Lot Size, Paved Yard, Carpet Free |
| Parking Space Total | 6 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 2 |
| Bedrooms Total | 2 |
| Amenities | Fireplace(s) |
| Appliances | Water Heater, Water Meter, Dryer, Microwave, Oven, Refrigerator, Stove, Washer |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Foundation Type | Block |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Park, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 116 Ft ,2 In |
| Size Frontage | 41 Ft ,1 In |
| Size Irregular | 41.1 X 116.2 Ft ; Rectangular Lot W/ Jut Out On West Side |
| Size Total Text | 41.1 X 116.2 Ft ; Rectangular Lot W/ Jut Out On West Side|under 1/2 Acre |
| Zoning Description | 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
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December 18 2024 04:02:48
Toronto Regional Real Estate Board
Royal LePage State Realty