27 Grove Street, Hamilton
- Bedrooms: 3
- Bathrooms: 3
- Living area: 1482 square feet
- Type: Residential
- Added: 1 day ago
- Updated: 1 days ago
- Last Checked: 3 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 & 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:1945)
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Property Details
- Heating: Forced air, Natural gas
- Stories: 2
- Structure Type: Triplex
- Exterior Features: Brick
- Foundation Details: Block
Interior Features
- Basement: Finished, Full
- Living Area: 1482
- Bedrooms Total: 3
- Above Grade Finished Area: 1482
- Above Grade Finished Area Units: square feet
- Above Grade Finished Area Source: Other
Exterior & Lot Features
- Lot Features: Paved driveway
- Water Source: Municipal water
- Parking Total: 2
Location & Community
- Directions: Wellington St S to Grove St, property sits on the North side of Grove.
- Common Interest: Freehold
- Subdivision Name: 142 - Corktown
- Community Features: Community Centre
Utilities & Systems
- Sewer: Municipal sewage system
Tax & Legal Information
- Tax Annual Amount: 4129.34
- Zoning Description: R1a
Additional Features
- Number Of Units Total: 3
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