15 Empress Avenue Active Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L9A 1M1
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,623 sqft
Price per Sqft $467
MLS Listing ID 40712406
Style Two Story
Bedrooms 2
Full Baths 2
Half Baths 1
Abv Grd Liv Area 2,662
Year Built 1950
Annual Tax Amount $7,522
Property Sub-Type Detached
Source Hamilton - Burlington
Property 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 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.
Location
Province ON
County Hamilton
Area 17 - Hamilton Mountain
Zoning C5a
Direction North on Upper James to Empress Ave, then turn right (east).
Rooms
Basement Separate Entrance,Full,Finished
Kitchen 1
Interior
Interior Features High Speed Internet,Ceiling Fan(s),In-law Capability,Water Meter
Heating Natural Gas,Radiant
Cooling Window Unit(s)
Fireplaces Number 1
Fireplaces Type Gas,Recreation Room
Fireplace Yes
Window Features Window Coverings
Appliance Water Heater,Built-in Microwave,Dryer,Refrigerator,Stove,Washer
Laundry In Basement
Exterior
Exterior Feature Balcony
Parking Features Asphalt
Utilities Available Cable Connected,Electricity Connected,Garbage/Sanitary Collection,Natural Gas Connected,Recycling Pickup,Street Lights,Phone Connected
Roof Type Asphalt Shing
Lot Frontage 41.09
Lot Depth 116.2
Garage No
Building
Lot Description Urban,Irregular Lot,Paved,Airport,High Traffic Area,Highway Access,Library,Major Highway,Park,Playground Nearby,Public Parking,Public Transit
Faces North on Upper James to Empress Ave, then turn right (east).
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal-Metered
Architectural Style Two Story
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 170460022
Ownership Freehold/None
Virtual Tour https://player.vimeo.com/video/1030301590?title=0&byline=0&portrait=0&badge=0&autopause=0&player_id=0&app_id=58479