Beautifully renovated 3 unit building (legal non-conforming duplex, with spacious basement apartment) in trendy Corktown steps to publictransit, 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: $1,500 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 & liabilities in place. Building features a new furnace, newer roof, luxuryvinyl plank flooring, quartz countertops and stainless steel appliances. Each unit boasts large floor plans with great flow. Upper unit is completewith soaring ceiling heights, exposed brick & a private patio area. Main floor is a large 800 sqft, one bedroom apartment with an additionalprivate patio area. Basement apartment has a private separate entrance with a walk-out to the side yard. All units are occupied by singletenants. ***Can be packaged with property next door (25 Grove St), to allow for 6 unit purchase***. Book your showing today
Address
27 Grove St
List Price
$829,900
Property Type
Free
Type of Dwelling
Triplex
Style of Home
2-Storey
Area
Hamilton
Sub-Area
Corktown
Bedrooms
2 + 1
Bathrooms
3
Year Built
100+
MLS® Number
X11929544
Listing Brokerage
REVEL REALTY INC.
Postal Code
L8N 1P4
Tax Amount
$4,129.34
Tax Year
2024