15 Empress Avenue No longer available

Hamilton, Centremount, L9A 1M1

$799,000

Description

Listed by Royal LePage State Realty.

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 and 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 alive/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. Updates in 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.)

Built-in Microwave,Dryer,Refrigerator,Stove,Washer,Window Coverings

Location

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  • Address: 15 Empress Avenue
  • Neighborhood: Centremount
  • City: Hamilton
  • State: ON
  • Postal Code: L9A 1M1

Property Details

  • Property ID: 40678313
  • Property Price: $799,000
  • Style: Single Family Residence, Two Story
  • Sq/Ft: 2662
  • Rooms: 10+2
  • Bedrooms: 2+0
  • Bath: 3
  • Parking Spaces: 6
  • Year Built: 1950
  • A/C: Window Unit(s)
  • Basement: Separate Entrance, Full, Finished
  • Exterior: Brick
  • Heating: Natural Gas, Radiant
  • Fireplace: 1
  • Taxes: $7,522.00 (2024)
  • Exposure: North

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Room details and dimensions

Statistics for similar Single Family Residence homes in Centremount

The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.

Average days on market for similar Single Family Residence homes in Centremount

The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.

Number of transactions for similar Single Family Residence homes in Centremount

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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