15 Empress AVE Active

Hamilton,ON L9A 1M1

$ 799000

2 Beds

3 Baths

- SqFt


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

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