$879,900 FOR SALE

Triplex

Bedrooms: 3Bathrooms: 3Lot: 20 x 92 ft

27 Grove Street
Hamilton, ON L8N 1P4

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! (id:47423)

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Listed By Revel Realty Inc.
Data Provided By Cornerstone - Hamilton-Burlington
MLS® Listing Number 40648582
Last Updated Sep 17, 2024
Property Summary
Property Type Triplex

More like this:
Subdivision 142 - Corktown
Price History
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Detailed Information
Bedrooms 3
Bathrooms 3
Lot 20 x 92 ft
Amenities Nearby Hospital, Park, Place of Worship, Public Transit, Schools
Community Features Community Centre
Equipment Water Heater
Features Paved driveway
Listing Contract Date 2024-09-17
Location Description Wellington St S to Grove St, property sits on the North side of Grove.
Ownership Type Freehold
# of Parking Spaces 2
Property Type Multi-family
Rental Equipment Water Heater
Transaction Type For sale
Zoning Description R1a
Building
Basement Development Finished
Basement Type Full (Finished)
Exterior Finish Brick
Foundation Type Block
Heating Fuel Natural gas
Heating Type Forced air
Stories Total 2
Type Triplex
Utility Water Municipal water
Land
Total Size under 1/2 acre
Amenities Hospital, Park, Place of Worship, Public Transit, Schools
Sewer Municipal sewage system

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