27 Grove Street, Hamilton Corktown
- Bedrooms: 3
- Bathrooms: 3
- Type: Triplex
- Added: 2 days ago
- Updated: 1 days ago
- Last Checked: 18 hours ago
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!
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Property Details
- Cooling: Window air conditioner
- Heating: Forced air, Natural gas
- Stories: 2
- Structure Type: Triplex
- Exterior Features: Brick
- Foundation Details: Block
Interior Features
- Basement: Finished, Apartment in basement, Walk out, N/A
- Appliances: Washer, Refrigerator, Dishwasher, Stove, Range, Dryer
- Bedrooms Total: 3
Exterior & Lot Features
- Lot Features: Lane
- Water Source: Municipal water
- Parking Total: 2
- Building Features: Separate Electricity Meters
- Lot Size Dimensions: 20 x 92 FT
Location & Community
- Directions: Wellington St S
- Community Features: Community Centre
Utilities & Systems
- Sewer: Sanitary sewer
Tax & Legal Information
- Tax Annual Amount: 4129.34
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