15 Empress Ave, Hamilton

$799,000

2 Bed, 3 Bath, 1,500 ft2, 2-Storey home is located near Upper James St in Centremount.

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, 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. Updated 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.

15 Empress Ave, Hamilton is a 2 bedroom, 3 bathroom residential 2-Storey detached home. 15 Empress Ave, Hamilton is conveniently located in the Centremount neighbourhood of Hamilton Ontario. 15 Empress Ave, Hamilton is an MLS®-Listed home with an asking price of $799,000. This residential property has been listed on ctfrealty.com for 1 days. The home is 51-99 years old. Based on the Listing Price of 15 Empress Ave, Hamilton, the estimated monthly mortgage payment would be $3,860. This Mortgage payment is calculated on a 5 year fixed mortgage with 25 year amortization and an interest rate of 5.39% with a down payment of 20%. The Annual property taxes for 15 Empress Ave, Hamilton are approximately $7,522/year based on 2024 assessment.

This 2-Storey detached home located at 15 Empress Ave, Hamilton features a Brick exterior. The lot size of this North facing property is 41.09 x 116.2 feet. The property has 6 parking spaces. The home has Gas fueled Radiant heating. This property features at least 1 fireplace. The common rm room at main level has bay window. The office room at main level has w/i closet, california shutters. The office room at main level has california shutters. The office room at main level has side door. The office room at main level has enamel sink. The bathroom at main level has 2 pc bath. The kitchen at 2nd level has eat-in kitchen. The master bedroom at 2nd level has balcony, w/i closet, sliding doors. The bedroom at 2nd level has . The bathroom at 2nd level has 4 pc bath. The rec room at basement level has fireplace. The bathroom at basement level has 3 pc bath. Features of 15 Empress Ave, Hamilton include library, park, public transit.

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Property

  • Mortgage (est): $3,860
  • Taxes: $7,522/year
  • Square Feet: 1500-2000
  • Lot Size: 41.09 x 116.2
  • Age: Ask us

Building

  • Fronting: North
  • Exterior: Brick
  • Basement: Finished, Full
  • Parking: 6 Space
  • Garage: None

Utilities

  • Heat: Radiant
  • Hydro: Ask us
  • Gas: Ask us
  • Sewers: Sewers
  • Water: Municipal

Extras

  • Air Condition: Ask us

Room Size Level Features
Common Rm Room21 x 10 (207 ft2)MainBay Window
Office Room11 x 6 (73 ft2)MainW/i Closet, California Shutters
Office Room8 x 8 (61 ft2)MainCalifornia Shutters
Office Room9 x 8 (70 ft2)MainSide Door
Office Room11 x 7 (76 ft2)MainEnamel Sink
Bathroom8 x 6 (49 ft2)Main2 Pc Bath
Kitchen10 x 8 (75 ft2)2ndEat-in Kitchen
Master Bedroom11 x 11 (124 ft2)2ndBalcony, W/i Closet, Sliding Doors
Bedroom11 x 10 (112 ft2)2nd
Bathroom10 x 6 (57 ft2)2nd4 Pc Bath
Rec Room17 x 11 (182 ft2)BasementFireplace
Bathroom7 x 4 (30 ft2)Basement3 Pc Bath

 
 
 
 

Mortgage Amount:

Down Payment Amount:

Monthly Mortgage Payment:

This Mortgage payment is calculated on a 5 year fixed mortgage with 25 year amortization and an interest rate of 5.39% with a down payment of 20%.