15 Empress Avenue, Hamilton (Centremount), Ontario L9A1M1 is For Sale and has a listing price of 799,000. The property is located in the Centremount neighbourhood. It's been on the website for 38 Days.
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:43137)
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 11/15/2024 | X10427663 | $799,000 | For Sale | - | - |
| 11/15/2024 | X10427662 | $799,000 | For Sale | - | - |
| 11/15/2024 | X10427661 | $799,000 | For Sale | - | - |
| 11/15/2024 | X10427667 | $799,000 | For Sale | - | - |
| Kitchen - Second | 3.04 m x 2.3 m |
| Primary Bedroom - Second | 3.45 m x 3.33 m |
| Bedroom - Second | 3.38 m x 3.07 m |
| Bathroom - Second | 3.05 m x 1.73 m |
| Recreational, Games room - Basement | 5.12 m x 3.3 m |
| Bathroom - Basement | 2.26 m x 1.22 m |
| Office - Main | 3.43 m x 1.98 m |
| Office - Main | 2.39 m x 2.36 m |
| Office - Main | 2.82 m x 2.31 m |
| Office - Main | 3.28 m x 2.16 m |
| Bathroom - Main | 2.29 m x 1.98 m |
