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15 EMPRESS AVENUE
Hamilton (Centremount) Ontario L9A1M1 Canada

$799,000

Active Listing ID X10427667
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2 bed
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3.00 Bath
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Single Family

$799,000

Active Listing ID X10427667
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15 EMPRESS AVENUE 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:203)

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Property Features

  • Facts
  • Property Sub-type: Single Family
  • Features
  • Cooling System: Window air conditioner
  • Exterior Finish: Brick
  • Heating Systems: Radiant heat, Natural gas
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 12/18/2024 4:10:51 AM GMT
Source Updated Date: 12/31/2024 12:28:26 AM GMT

Courtesy of: KIMBERLEY ANNE MACLEAN, Salesperson, ROYAL LEPAGE STATE REALTY