ON > Hamilton > Centremount
Hamilton, ON L9A 1M1,15 Empress AVE
Hamilton, ON L9A 1M1,15 Empress AVE
Hamilton, ON L9A 1M1,15 Empress AVE
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Andrew Ahmed

Andrew Ahmed

Executive Homes Realty Inc.

+1(416) 619-5278
$799,000
Est. payment /mo
2 Beds
3 Baths
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UPDATED:

12/18/2024 03:04 AM

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

Basement Finished, Full

Kitchen 1

Interior

Interior Features Carpet Free, In-Law Capability, Water Heater, Water Meter

Cooling Window Unit(s)

Fireplaces Type Rec Room

Fireplace Yes

Heat Source Gas

Exterior

Exterior Feature Paved Yard

Parking Features Available, Private

Pool None

Roof Type Asphalt Shingle

Lot Depth 116.2

Total Parking Spaces 6

Building

Unit Features Library,Park,Public Transit

Foundation Concrete Block

Others

Security Features Carbon Monoxide Detectors

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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Listed by ROYAL LEPAGE STATE REALTY

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15 Empress AVE