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Listed by Abdellah Majd • Revel Realty Inc.
$879,900
Est. payment /mo
3 Beds
3 Baths
1,482 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Units
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1001 to 1500
Square Footage 1,482 sqft
Price per Sqft $593
MLS Listing ID 40648582
Bedrooms 3
Property Sub-Type 3 Units
Property Description
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 & liabilities
in place. Building features a new furnace, newer roof, luxury vinyl plank flooring, quartz countertops and
stainless steel appliances. Each unit boasts large floor plans with great flow. Upper unit is complete with
soaring ceiling heights, exposed brick & a private patio area. Main floor is a large 800 sqft, one bedroom
apartment with an additional private patio area. Basement apartment has a private separate entrance
with a walk-out to the side yard. All units are occupied by single tenants. ***Can be packaged with
property next door (25 Grove St), to allow for 6 unit purchase***. Book your showing today!
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 & liabilities
in place. Building features a new furnace, newer roof, luxury vinyl plank flooring, quartz countertops and
stainless steel appliances. Each unit boasts large floor plans with great flow. Upper unit is complete with
soaring ceiling heights, exposed brick & a private patio area. Main floor is a large 800 sqft, one bedroom
apartment with an additional private patio area. Basement apartment has a private separate entrance
with a walk-out to the side yard. All units are occupied by single tenants. ***Can be packaged with
property next door (25 Grove St), to allow for 6 unit purchase***. Book your showing today!
Location
Province ON
County Hamilton
Direction Wellington St S to Grove St, property sits on the North side of Grove.
Rooms
Kitchen 0
Interior
Inclusions OTHER; (3) Fridges, (3) Stoves, (3) Dishwashers (3) Range-hoods, Coin Operated Washer & Dryer.
Exterior
Waterfront Description None
Lot Frontage 20.0
Lot Depth 92.0
Building
Story 2.0
Water Municipal
Others
Ownership Freehold
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