27 Grove ST new Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8N 1P4
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID X11929544
Style 2-Storey
Bedrooms 2
Annual Tax Amount $4,129
Tax Year 2024
Property Description
Beautifully renovated 3 unit building (legal non-conforming duplex, with spacious basement apartment) in trendy Corktown steps to publictransit, 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: $1,500 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, luxuryvinyl plank flooring, quartz countertops and stainless steel appliances. Each unit boasts large floor plans with great flow. Upper unit is completewith soaring ceiling heights, exposed brick & a private patio area. Main floor is a large 800 sqft, one bedroom apartment with an additionalprivate patio area. Basement apartment has a private separate entrance with a walk-out to the side yard. All units are occupied by singletenants. ***Can be packaged with property next door (25 Grove St), to allow for 6 unit purchase***. Book your showing today
Location
Province ON
County Hamilton
Community Corktown
Area Hamilton
Region Corktown
City Region Corktown
Rooms
Family Room No
Basement Apartment,Finished with Walk-Out
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Separate Hydro Meter
Cooling Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Parking Features Lane
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Depth 92.0
Total Parking Spaces 2
Building
Unit Features Hospital,Park,Place Of Worship,Public Transit,Rec./Commun.Centre,School
Foundation Concrete Block