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$749,900
Available - For Sale
Listing ID: X12438346
15 Empress Avenue , Hamilton, L9A 1M1, Hamilton
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.
Price $749,900
Taxes: $7,522
Occupancy by: Vacant
Address: 15 Empress Avenue , Hamilton, L9A 1M1, Hamilton
Acreage: < .50
Directions/Cross Streets: Upper James St
Rooms: 14
Bedrooms: 2
Bedrooms +: 0
Washrooms: 3
Family Room: F
Basement: Finished
Full
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Common Ro 20.86 9.91 Bay Window
Room 2: Main Office 11.25 6.49 Walk-In Closet(s), California Shutters
Room 3: Main Office 7.84 7.74 California Shutters
Room 4: Main Office 9.25 7.58 Side Door
Room 5: Main Office 10.76 7.08 Enamel Sink
Room 6: Main Bathroom 7.51 6.49 2 Pc Bath
Room 7: Second Kitchen 9.97 7.54 Eat-in Kitchen
Room 8: Second Primary B 11.32 10.92 Balcony, Walk-In Closet(s), Sliding Doors
Room 9: Second Bedroom 11.09 10.07
Room 10: Second Bathroom 10.00 5.67 4 Pc Bath
Room 11: Basement Recreatio 16.79 10.82 Fireplace
Room 12: Basement Bathroom 7.41 4.00 3 Pc Bath
No. of Pieces Level
Washroom 1:  2 Main
Washroom 2:  4 Second
Washroom 3:  3 Lower
Washroom 4:  0
Washroom 5:  0
Property Type: Detached
Style: 2-Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Available,
Drive Parking Spaces: 6
Park #1
Parking Type: Available,
Park #2
Parking Type: Available
Park #3
Parking Type: Private
Pool: None
Approximatly Age: 51-99
Approximatly Square Footage: 1500-2000
Property Features: Library
Park
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: Y
Heat Type: Radiant
Central Air Conditioning: Window Unit
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Down payment: $  
Interest Rate: %  
Amortization :  Years
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE STATE REALTY

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