Robert Bumelis

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27 GROVE Street, Hamilton, Ontario

$849,900

3 Beds
3 Baths
1,482 Square Feet

Beautifully renovated 3 unit building (legal non-conforming duplex, with spacious basement apartment) in trendy Corktown steps to public transit, 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, luxury vinyl plank flooring, quartz countertops and stainless steel appliances. Each unit boasts large floor plans with great flow. Upper unit is complete with soaring ceiling heights, exposed brick & a private patio area. Main floor is a large 800 sqft, one bedroom apartment with an additional private patio area. Basement apartment has a private separate entrance with a walk-out to the side yard. All units are occupied by single tenants. ***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:23309)

Listing ID: 40683399
Property Type: Multi-family

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Details

Amenities Nearby: Hospital, Park, Place of Worship, Public Transit, Schools
Community Features: Community Centre
Equipment: Water Heater
Features: Paved driveway
Ownership: Freehold
Parking Spaces: 2
Rental Equipment: Water Heater
Transaction: For sale
Zoning Description: R1a

Building

BasementType: Full (Finished)
Basement Development: Finished
Exterior Finish: Brick
Fireplace Present: False
Foundation: Block
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1482 sqft
Stories Total: 2
Type: Triplex
Utility Water: Municipal water

Land

Amenities: Hospital, Park, Place of Worship, Public Transit, Schools
Sewer: Municipal sewage system
Size Frontage: 20 ft

Listing provided by Revel Realty Inc.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 27 GROVE Street in Hamilton Ontario. It was last modified on December 4th, 2024. Contact Robert Bumelis to schedule a viewing or to discover other Hamilton real estate for sale.

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