15 Empress Avenue, Hamilton, ON, L9A 1M1

$749,900

MLS® # 40775306

House For Sale In Centremount, Hamilton, Ontario

$749,900

  • 2

    Bedrooms

  • 3

    Baths

  • 6

    Parking Spaces

Property Information:

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 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. 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.

Inclusions: Built-in Microwave,Dryer,Refrigerator,Stove,Washer,Window Coverings,Built-In Microwave, Dryer, Fridge, Stove, Washer, Window Coverings.

Building Features:

  • Floor Space: 2662 Square Feet

Property Features:

  • Bedrooms: 2
  • Bathrooms: 2+1
  • Acres Range: < 0.5
  • Architectural Style: Two Story
  • Basement: Separate Entrance, Full, Finished
  • Built in: 1950
  • Construction Materials: Brick
  • Cooling: Window Unit(s)
  • Driveway Parking: Outside/Surface/Open
  • Exterior Features: Balcony
  • Fireplace Features: Gas, Recreation Room
  • Floor Space (approx): 2662 Square Feet
  • Heating: Natural Gas, Radiant
  • Interior Features: High Speed Internet, Ceiling Fan(s), In-law Capability, Water Meter
  • Laundry Features: In Basement
  • Lot Depth: 116.2 Feet
  • Lot Features: Urban, Irregular Lot, Paved, Airport, High Traffic Area, Highway Access, Library, Major Highway, Park, Playground Nearby, Public Parking, Public Transit
  • Lot Frontage: 41.09 Feet
  • Parking Features: Asphalt
  • Road Frontage Type: Municipal Road
  • Roof: Asphalt Shing
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Utilities: Cable Connected, Electricity Connected, Garbage/Sanitary Collection, Natural Gas Connected, Recycling Pickup, Street Lights, Phone Connected
  • Water Source: Municipal-Metered
  • Window Features: Window Coverings
  • Zoning: C5
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 6

Rooms:

  • Living Main Level 6.35 X 3.20
  • Bathroom Main Level 2.29 X 1.98
  • Office Main Level 2.39 X 2.36
  • Office Main Level 3.43 X 1.98
  • Eat-in Kitchen 2nd Level 3.05 X 3.00
  • Primary Bedroom 2nd Level 3.45 X 3.33
  • Office Main Level 2.82 X 2.31
  • Office Main Level 3.28 X 2.16
  • Bathroom Basement Level 2.26 X 1.22
  • Bedroom 2nd Level 3.38 X 3.07
  • Recreation Room Basement Level 5.11 X 3.30
  • Bathroom 2nd Level 2.29 X 1.98

Courtesy of: Royal LePage State Realty

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Additional Photos