27 Grove Street, Hamilton
- Bedrooms: 3
- Bathrooms: 3
- Living area: 1482 square feet
- Type: Triplex
- Added: 1 day ago
- Updated: 1 days ago
- Last Checked: 1 hours ago
Beautifully renovated 3 unit building (legal non-conforming duplex, with spacious basement apartment) intrendy Corktown steps to public transit, GO Station, mountain access & James Street amenities. Buildingcurrently 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% downat a 4.99% interest rate (30 year amortization) with current rents & liabilities in place. Building features anew furnace, newer roof, luxury vinyl plank flooring, quartz countertops and stainless steel appliances. Eachunit boasts large floor plans with great flow. Upper unit is complete with soaring ceiling heights, exposedbrick & a private patio area. Main floor is a large 800 sqft, one bedroom apartment with an additional privatepatio area. Basement apartment has a private separate entrance with a walk-out to the side yard. All units areoccupied by single tenants. ***Can be packaged with property next door (25 Grove St), to allow for 6 unitpurchase***. Book your showing today! VACANT POSSESSION OF BASEMENT UNIT AS OF DEC 1ST, 2024. (id:1945)
powered by
Property DetailsKey information about 27 Grove Street
- Cooling: Window air conditioner
- Heating: Forced air, Natural gas
- Stories: 2
- Structure Type: Triplex
- Exterior Features: Brick
- Foundation Details: Block
- Building Type: Legal non-conforming duplex with basement apartment
- Units: 3
- Total Gross Monthly Income: $5,100
- Cash Flow: $700/month
- Cap Rate: 5.44%
- Down Payment: 20%
- Interest Rate: 4.99%
- Amortization Period: 30 years
Interior FeaturesDiscover the interior design and amenities
- Basement: Finished, Apartment in basement, Walk out, N/A
- Appliances: Stainless steel
- Bedrooms Total: 3
- Flooring: Luxury vinyl plank
- Countertops: Quartz
- Main Floor Unit: Size: 800 sqft, Bedrooms: 1, Private Patio: true
- Upper Unit: Ceiling Heights: Soaring, Exposed Brick: true, Private Patio: true
- Basement Unit: Separate Entrance: true, Walk-out: true
Exterior & Lot FeaturesLearn about the exterior and lot specifics of 27 Grove Street
- Lot Features: Lane
- Water Source: Municipal water
- Parking Total: 2
- Building Features: Separate Electricity Meters
- Lot Size Dimensions: 20 x 92 FT
- Roof: Newer
- Private Patio Areas: 2
- Yard: Side yard
Location & CommunityUnderstand the neighborhood and community
- Directions: Wellington St S
- Community Features: Community Centre
- Neighborhood: Corktown
- Proximity To Public Transit: Steps to transit
- Closest GO Station: Nearby
- Access To Mountain: Easy access
- Nearby Amenities: James Street amenities
Business & Leasing InformationCheck business and leasing options available at 27 Grove Street
- Main Floor Unit Rent: $1,800 + hydro
- Upper Unit Rent: $1,900 + hydro
- Basement Unit Rent: $1,400 all inclusive
- Vacant Possession Basement Unit: As of Dec 1st, 2024
- Package Deal Availability: Can be packaged with 25 Grove St for 6 unit purchase
Property Management & AssociationFind out management and association details
- Occupancy: All units occupied by single tenants
Utilities & SystemsReview utilities and system installations
- Sewer: Sanitary sewer
- Heating System: New furnace
Tax & Legal InformationGet tax and legal details applicable to 27 Grove Street
- Tax Annual Amount: 4126.34
- Zoning Description: R1a
This listing content provided by REALTOR.ca
has
been licensed by REALTOR®
members of The Canadian Real Estate Association
members of The Canadian Real Estate Association
Nearby Listings Stat
Active listings
75
Min Price
$349,000
Max Price
$1,995,000
Avg Price
$829,684
Days on Market
63 days
Sold listings
16
Min Sold Price
$570,000
Max Sold Price
$1,849,000
Avg Sold Price
$1,095,138
Days until Sold
51 days
