15 Empress Ave

Hamilton, ON L9A 1M1 (Centremount)

Quick Facts

Type: Detached

Style: 2-Storey

Size: 1500-2000 Sq Ft

Age: 51-99 Years

Taxes: $7,074 (2023)

Updated: 2024-11-16 14:34:25

Description

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 a

Extras

Don\'t miss out on this amazing opportunity in a growing market. There\'s even potential to create a separate unit or garden house for additional income.

Property

Status: Sale

MLS #: X1042766

Price: $799,000

Address: 15 Empress Ave

Type: Detached

Style: 2-Storey

Size: 1500-2000 Sq Ft

Age: 51-99 Years

Front On: N

Taxes: $7,074

Tax Year: 2023

Lot Size: 41 x 116 Feet

Neighbourhood: Centremount

Nearest Intersection: Upper James St

City: Hamilton

Postal Code: L9A 1M1

DOM: 5 Days

Last Update: 2024-11-16 14:34:25

 

Building

Interior

Bedrooms: 4

Bathrooms: 3

Rooms: 14

Kitchens: 2

Family Room: N

Fireplace: Y

Basement: Finished, Full

Central Vacuum:

 

Exterior

Exterior: Brick, Vinyl Siding

Driveway: Available

Garage: None

Garage Spaces: 0

Parking Spaces: 6

Pool: None

 

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Radiant

Heat Source: Gas

Air Conditioning: Window Unit

Water: Municipal

Sewers: Sewers

 

Features

Library

Park

Public Transit

 

Rooms

Common Rm

Main

6 x 3

Bay Window 

Office

Main

3 x 2

W/I Closet, California Shutters 

Office

Main

2 x 2

California Shutters 

Office

Main

3 x 2

Side Door 

Office

Main

3 x 2

Enamel Sink 

Bathroom

Main

2 x 2

2 Pc Bath 

Kitchen

2nd

3 x 2

Eat-In Kitchen 

Prim Bdrm

2nd

3 x 3

Balcony, W/I Closet, Sliding Doors 

Br

2nd

3 x 3

 

Bathroom

2nd

3 x 2

4 Pc Bath 

Rec

Bsmt

5 x 3

Fireplace 

Bathroom

Bsmt

2 x 1

3 Pc Bath