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27 GROVE STREET
Hamilton (Corktown) Ontario L8N1P4 Canada

$849,900

Active Listing ID X11881114
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3 bed
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3.00 Bath
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Single Family

$849,900

Active Listing ID X11881114
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27 GROVE STREET Beautifully renovated 3 unit building (legal non-conforming duplex, with spacious basement apartment) in trendy Corktown steps to publictransit, GO Station, mountain access & James Street amenities. Building currently grosses $5, 100/ monthly (Main Floor Unit: $1, 800 + hydro, Upper Unit: $1, 900 + hydro, Lower Unit: $1, 400 all inclusive), which gives the ability to cash flow at ~$700/ monthly/ 5.44% cap rate with 20%down at a 4.99% interest rate (30 year amortization) with current rents & liabilities in place. Building features a new furnace, newer roof, luxuryvinyl plank flooring, quartz countertops and stainless steel appliances. Each unit boasts large floor plans with great flow. Upper unit is completewith soaring ceiling heights, exposed brick & a private patio area. Main floor is a large 800 sqft, one bedroom apartment with an additionalprivate patio area. Basement apartment has a private separate entrance with a walk-out to the side yard. All units are occupied by singletenants. ***Can be packaged with property next door (25 Grove St), to allow for 6 unit purchase***. Book your showing today! VACANT POSSESSION OF BASEMENT UNIT. (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: Forced air, Natural gas
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 12/4/2024 6:25:37 PM GMT
Source Updated Date: 12/11/2024 10:56:46 PM GMT

Courtesy of: ABDELLAH MAJD, Salesperson, REVEL REALTY INC.