Homes for sale - 15 Empress Avenue, Hamilton, ON L9A 1M1

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Amanpreet Kaur

info@themultaniteam.com +1(289) 700-2629

Listed by Kimberley Maclean • Royal LePage State Realty

$ 759,000

Est. payment | -/mo

2 Beds

3 Baths

1,623 SqFt

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$ 759,000

Est. payment | -/mo

Save Virtual Tour

2 Beds

3 Baths

1,623 SqFt

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

+1(289) 700-2629

info@themultaniteam.com

4145 North Service Road Unit 2, L7L6A3, Burlington, Ontario, Canada

15 Empress Avenue Hamilton, ON L9A 1M1