UPDATED:
11/20/2024 04:40 PM
Key Details
Property Type Multi-Family
Sub Type Multi-3 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 1,482 sqft
Price per Sqft $580
MLS Listing ID 40679486
Bedrooms 3
Abv Grd Liv Area 1,482
Originating Board Hamilton - Burlington
Annual Tax Amount $4,129
Property Description
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 AS OF DEC 1ST, 2024.
Location
Province ON
County Hamilton
Area 14 - Hamilton Centre
Zoning R1a
Direction Wellington St S to Grove St, property sits on the North side of Grove.
Rooms
Basement Separate Entrance, Full, Finished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Forced Air, Natural Gas
Cooling Other
Fireplace No
Appliance Dishwasher, Refrigerator, Stove
Laundry Shared
Exterior
Garage Asphalt
Waterfront No
Roof Type Asphalt Shing
Lot Frontage 20.0
Lot Depth 92.0
Garage No
Building
Lot Description Rectangular, Hospital, Park, Place of Worship, Public Transit, Rec./Community Centre, Schools
Faces Wellington St S to Grove St, property sits on the North side of Grove.
Story 2
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 171690182
Ownership Freehold/None
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