15 Empress AVE Active Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L9A 1M1
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Centremount
MLS Listing ID X10427667
Style 2-Storey
Bedrooms 2
Annual Tax Amount $7,522
Tax Year 2024
Property Sub-Type Detached
Property Description
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.
Location
Province ON
County Hamilton
Community Centremount
Area Hamilton
Rooms
Family Room No
Kitchen 1
Interior
Cooling Window Unit(s)
Fireplaces Type Rec Room
Exterior
Exterior Feature Paved Yard
Parking Features Available,Private
Pool None
Roof Type Asphalt Shingle
Building
Foundation Concrete Block
Others
Virtual Tour https://player.vimeo.com/video/1030301590?title=0&byline=0&portrait=0&badge=0&autopause=0&player_id=0&app_id=58479