15 Empress Avenue Hamilton, Ontario L9A 1M1

$799,000

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. (id:46421)

Property Details

MLS® Number	X10427667
Property Type	Single Family
Community Name	Centremount
Amenities Near By	Park, Public Transit
Equipment Type	Water Heater
Features	Irregular Lot Size, Paved Yard, Carpet Free
Parking Space Total	6
Rental Equipment Type	Water Heater

Building

Bathroom Total	3
Bedrooms Above Ground	2
Bedrooms Total	2
Amenities	Fireplace(s)
Appliances	Water Heater, Water Meter, Dryer, Microwave, Oven, Refrigerator, Stove, Washer
Basement Development	Finished
Basement Type	Full (finished)
Construction Style Attachment	Detached
Cooling Type	Window Air Conditioner
Exterior Finish	Brick
Fireplace Present	Yes
Fireplace Total	1
Foundation Type	Block
Half Bath Total	1
Heating Fuel	Natural Gas
Heating Type	Radiant Heat
Stories Total	2
Size Interior	1,500 - 2,000 Ft2
Type	House
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Park, Public Transit
Sewer	Sanitary Sewer
Size Depth	116 Ft ,2 In
Size Frontage	41 Ft ,1 In
Size Irregular	41.1 X 116.2 Ft ; Rectangular Lot W/ Jut Out On West Side
Size Total Text	41.1 X 116.2 Ft ; Rectangular Lot W/ Jut Out On West Side|under 1/2 Acre
Zoning Description	C5a

Rooms

Level	Type	Length	Width	Dimensions
Second Level	Kitchen	3.04 m	2.3 m	3.04 m x 2.3 m
Second Level	Primary Bedroom	3.45 m	3.33 m	3.45 m x 3.33 m
Second Level	Bedroom	3.38 m	3.07 m	3.38 m x 3.07 m
Second Level	Bathroom	3.05 m	1.73 m	3.05 m x 1.73 m
Basement	Recreational, Games Room	5.12 m	3.3 m	5.12 m x 3.3 m
Basement	Bathroom	2.26 m	1.22 m	2.26 m x 1.22 m
Main Level	Office	3.43 m	1.98 m	3.43 m x 1.98 m
Main Level	Office	2.39 m	2.36 m	2.39 m x 2.36 m
Main Level	Office	2.82 m	2.31 m	2.82 m x 2.31 m
Main Level	Office	3.28 m	2.16 m	3.28 m x 2.16 m
Main Level	Bathroom	2.29 m	1.98 m	2.29 m x 1.98 m

https://www.realtor.ca/real-estate/27658457/15-empress-avenue-hamilton-centremount-centremount