27 GROVE STREET

Hamilton (Corktown), Ontario, L8N1P4, Canada

$879,900

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 & liabilitiesin place. Building features a new furnace, newer roof, luxury vinyl plank flooring, quartz countertops andstainless steel appliances. Each unit boasts large floor plans with great flow. Upper unit is complete withsoaring ceiling heights, exposed brick & a private patio area. Main floor is a large 800 sqft, one bedroomapartment with an additional private patio area. Basement apartment has a private separate entrancewith a walk-out to the side yard. All units are occupied by single tenants. ***Can be packaged withproperty next door (25 Grove St), to allow for 6 unit purchase***. Book your showing today! VACANT POSSESSION OF BASEMENT UNIT AS OF DEC 1ST, 2024.

EXTRAS Carpet Free, Separate Hydro Meters

EXTRAS: Lane

Last updated on : Thursday 14th of November 2024 04:46:58 PM

ADDRESS

Street : 27 GROVE STREET

City : Hamilton (Corktown)

Province : Ontario

Country : Canada

Postal Code : L8N1P4

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PROPERTY SUMMARY

Property ID : X9354370

Building Type : Triplex

Property Type : Single Family

Bedrooms : 2 + 1

Bathrooms : 3

Parking : 2

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