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27 Grove St

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

3
Beds
3
Baths
1,482
Sq. Ft.
$879,900
List Price
Details
Photos
41
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
58 days on market

Quick Summary

  • Beautifully renovated 3-unit building in trendy Corktown
  • Spacious basement apartment with private separate entrance
  • Excellent cash flow potential at 5.44% cap rate
  • New furnace, newer roof, luxury vinyl plank flooring
  • Quartz countertops and stainless steel appliances
  • Large floor plans with great flow in each unit
  • Upper unit with soaring ceiling heights, exposed brick
  • Main floor 800 sqft 1-bedroom with private patio

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),... Show More

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 AS OF DEC 1ST, 2024. (id:54626)

Property Details

Size

1,482 sq. ft.
across 2 floors
3 Beds
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
-

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40648582
Last Updated
November 14, 2024
Brokerage
Revel Realty Inc.
Powered by: REALTOR.ca
Call us 800-591-0566

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