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27 Grove St

Grove St, Downtown Hamilton, Hamilton, ON, L8N 1P4

3
Beds
3
Baths
800
Sq. Ft.
$859,900
List Price
Details
Photos
40
Comparables
History
27 Grove St, Hamilton, ON - 1 of 3
27 Grove St, Hamilton, ON - 2 of 3
27 Grove St, Hamilton, ON - 3 of 3
New
1 day on market

Quick Summary

  • Beautifully renovated 3-unit building with legal non-conforming duplex
  • Spacious basement apartment with separate entrance and walk-out
  • Conveniently located near public transit, GO Station, and amenities
  • Generates $5,100 monthly income with 5.44% cap rate potential
  • Features new furnace, roof, luxury vinyl plank flooring, quartz countertops
  • Main floor unit is a large 800 sq ft one-bedroom with private patio
  • Upper unit has soaring ceilings, exposed brick, and private patio
  • Opportunity to purchase adjacent property for 6-unit portfolio

Beautifully renovated 3 unit building (legal non-conforming duplex, with spacious basement apartment) intrendy Corktown steps to public transit, GO Station, mountain access & James Street amenities. Buildingcurrently grosses $5,100/ monthly (Main Floor Unit: $1,800 + hydro, Upper Unit: $1,900 + hydro, Lower Unit:$1,400 all inclusive),... Show More

Beautifully renovated 3 unit building (legal non-conforming duplex, with spacious basement apartment) intrendy Corktown steps to public transit, GO Station, mountain access & James Street amenities. Buildingcurrently 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% downat a 4.99% interest rate (30 year amortization) with current rents & liabilities in place. Building features anew furnace, newer roof, luxury vinyl plank flooring, quartz countertops and stainless steel appliances. Eachunit boasts large floor plans with great flow. Upper unit is complete with soaring ceiling heights, exposedbrick & a private patio area. Main floor is a large 800 sqft, one bedroom apartment with an additional privatepatio area. Basement apartment has a private separate entrance with a walk-out to the side yard. All units areoccupied by single tenants. ***Can be packaged with property next door (25 Grove St), to allow for 6 unitpurchase***. Book your showing today! VACANT POSSESSION OF BASEMENT UNIT AS OF DEC 1ST, 2024. (id:54626)

Property Details

Size

800 sq. ft.
across 2 floors
3 Beds
2 Above Grade - 1 Below Grade
3 Baths
3 Full

Parking

2 Parking Spaces
-

Lot

Size
240′0″ * 1103′12″
Acres
-

Build

Year Built
-
Model Name
-
Basement
Finished
Exterior
Brick
Foundation
Block
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
Window air conditioner

Utilities

Water
Municipal water
Sewer
Sanitary sewer
SHOW LESS

Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
X10432413
Last Updated
November 20, 2024
Brokerage
REVEL REALTY INC.
Powered by: REALTOR.ca
Call us 800-591-0566

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