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$799,000
Available - For Sale
Listing ID: X10427667
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.
Price $799,000
Taxes: $7,074
Address: 15 Empress Ave , Hamilton, L9A 1M1, Ontario
Lot Size: 41.09 x 116.2 (Feet)
Acreage: < .50
Directions/Cross Streets: Upper James St
Rooms: 14
Bedrooms: 2
Washrooms: 3
Kitchens: 1
Family Room: N
Basement: Finished
Full
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Common Rm 20.86 9.91 Bay Window
Room 2: Main Office 11.25 6.49 W/I Closet, California Shutters
Room 3: Main Office 7.84 7.74 California Shutters
Room 4: Main Office 9.25 7.58 Side Door
Room 5: Main Office 10.76 7.08 Enamel Sink
Room 6: Main Bathroom 7.51 6.49 2 Pc Bath
Room 7: 2nd Kitchen 9.97 7.54 Eat-In Kitchen
Room 8: 2nd Prim Bdrm 11.32 10.92 Balcony, W/I Closet, Sliding Doors
Room 9: 2nd Br 11.09 10.07
Room 10: 2nd Bathroom 10.00 5.67 4 Pc Bath
Room 11: Bsmt Rec 16.79 10.82 Fireplace
Room 12: Bsmt Bathroom 7.41 4.00 3 Pc Bath
No. of Pieces Level
Washroom 1:  2 Main
Washroom 2:  4 2nd
Washroom 3:  3 Lower
Property Type: Detached
Style: 2-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Available
Drive Parking Spaces: 6
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 1500-2000
Property Features: Library
Park
Public Transit
Fireplace/Stove: Y
Heat Source: Gas
Heat Type: Radiant
Central Air Conditioning: Window Unit
Laundry Level: Lower
Sewers: Sewers
Water: Municipal
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ROYAL LEPAGE STATE REALTY

15 Empress Ave , Hamilton, L9A 1M1, Ontario


 
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At a Glance:
Type: Freehold - Detached
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Centremount
Style: 2-Storey
Lot Size: 41.09 x 116.20(Feet)
Approximate Age: 51-99
Tax: $7,074
Maintenance Fee: $0
Beds: 2
Baths: 3
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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