27 Grove St, Hamilton

27 Grove St, Corktown, Hamilton L8N1P4

2-Storey, Triplex Property
7 Rooms Total, 2 + 1 Kitchens
2 Parking Spaces

20.00 x 92.00

Hospital, Park, Place Of Worship, Public Transit, Rec Centre, School
Apartment, Fin W/O Basement
Brick Exterior

Beautifully Renovated 3 Unit Building (Legal Non-Conforming Duplex, With Spacious Basement Apartment)In Trendy Corktown Steps To Public Transit, Go Station, Mountain Access & James Street Amenities.Building Currently Grosses $5,100/ Monthly (Main Floor Unit: $1,800 + Hydro, Upper Unit: $1,900 +Hydro, Lower Unit: $1,400 All Inclusive), Which Gives The Ability To Cash Flow At ~$700/ Monthly/ 5.44%Cap Rate With 20% Down At A 4.99% Interest Rate (30 Year Amortization) With Current Rents & Liabilitiesin Place. Building Features A New Furnace, Newer Roof, Luxury Vinyl Plank Flooring, Quartz Countertops Andstainless Steel Appliances. Each Unit Boasts Large Floor Plans With Great Flow. Upper Unit Is Complete Withsoaring Ceiling Heights, Exposed Brick & A Private Patio Area. Main Floor Is A Large 800 Sqft, One Bedroomapartment With An Additional Private Patio Area. Basement Apartment Has A Private Separate Entrancewith A Walk-Out To The Side Yard. All Units Are Occupied By Single Tenants. ***Can Be Packaged Withproperty Next Door (25 Grove St), To Allow For 6 Unit Purchase***. Book Your Showing Today! Vacant Possession Of Basement Unit As Of Dec 1St, 2024.

Carpet Free, Separate Hydro Meters

Unit 9, Level 8, Wentworth Standard Condominium Plan No. 382 And Its Appurtenant Interest. The Description Of The Condominium Property Is : Lts 102,103,119 & Pt Lt 120, Pl 1431 (George Hamilton Survey) Being Pts 1,2 & 3, 62R16904, City Of Hamilton

4-piece on main level
4-piece on bsmt level
4-piece on 2nd level