Joanna Kwan

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15 EMPRESS AVENUE, Hamilton, Ontario

$799,000

2 Beds
3 Baths

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:23309)

Listing ID: X10427667
Property Type: Single Family

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Rooms

Level	Type	Dimensions
Kitchen	Second level	3.04 m x 2.3 m
Primary Bedroom	Second level	3.45 m x 3.33 m
Bedroom	Second level	3.38 m x 3.07 m
Bathroom	Second level	3.05 m x 1.73 m
Recreational, Games room	Basement	5.12 m x 3.3 m
Bathroom	Basement	2.26 m x 1.22 m
Office	Main level	3.43 m x 1.98 m
Office	Main level	2.39 m x 2.36 m
Office	Main level	2.82 m x 2.31 m
Office	Main level	3.28 m x 2.16 m
Bathroom	Main level	2.29 m x 1.98 m

Details

Amenities Nearby: Park, Public Transit
Equipment: Water Heater
Features: Irregular lot size, Paved yard, Carpet Free
Ownership: Freehold
Parking Spaces: 6
Rental Equipment: Water Heater
Transaction: For sale
Zoning Description: C5a

Building

Amenities: Fireplace(s)
Appliances: Water Heater, Water meter, Dryer, Microwave, Oven, Refrigerator, Stove, Washer
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 2
Construction Style Attachment: Detached
Cooling: Window air conditioner
Exterior Finish: Brick
Fireplace Present: True
Fireplace Total: 1
Foundation: Block
Bathrooms (Half): 1
Bathrooms (Total): 3
Heating: Radiant heat
Heating Fuel: Natural gas
Size Interior: 1499.9875 - 1999.983 sqft
Stories Total: 2
Type: House
Utility Water: Municipal water

Land

Amenities: Park, Public Transit
Sewer: Sanitary sewer
Size Frontage: 41 ft ,1 in
Size Irregular: 41.1 x 116.2 FT ; rectangular lot w/ jut out on west side

Listing provided by ROYAL LEPAGE STATE REALTY
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 15 EMPRESS AVENUE in Hamilton Ontario. It was last modified on November 16th, 2024. Contact Joanna Kwan to schedule a viewing or to discover other Hamilton homes for sale.

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