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Property Description
Beautifully renovated 3 unit building (legal non-conforming duplex, with spacious basement apartment) intrendy Corktown steps to public transit, GO Station, mountain access & James Street amenities. Buildingcurrently 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% downat a 4.99% interest rate (30 year amortization) with current rents & liabilities in place. Building features anew furnace, newer roof, luxury vinyl plank flooring, quartz countertops and stainless steel appliances. Eachunit boasts large floor plans with great flow. Upper unit is complete with soaring ceiling heights, exposedbrick & a private patio area. Main floor is a large 800 sqft, one bedroom apartment with an additional privatepatio area. Basement apartment has a private separate entrance with a walk-out to the side yard. All units areoccupied by single tenants. ***Can be packaged with property next door (25 Grove St), to allow for 6 unitpurchase***. Book your showing today! VACANT POSSESSION OF BASEMENT UNIT AS OF DEC 1ST, 2024.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-03-25 | 2024-04-08 | 14 | $1,900 | - | Terminated |
Property Features
Hospital, Park, Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Lot Size
20' x 92'
Fronting
North
Taxes
$4,126 (2024)
Basement
Apartment, Fin W/O
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Parking Spaces
2
Driveway
Lane
Garage Type
None
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Hamilton Market Statistics
Hamilton Price Trend
27 Grove St is a 2-bedroom 3-bathroom home listed for sale at $859,900, which is $183,975 (27.2%) higher than the average sold price of $675,925 in the last 30 days (November 3 - December 2). During the last 30 days the average sold price for a 2 bedroom home in Hamilton increased by $10,543 (1.6%) compared to the previous 30 day period (October 4 - November 2) and up $25,263 (3.9%) from the same time one year ago.Inventory Change
There were 62 2-bedroom homes listed in Hamilton over the last 30 days (November 3 - December 2), which is down 0.0% compared with the previous 30 day period (October 4 - November 2) and down 12.7% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Hamilton typically sold ($13,901) (2.1%) below asking price over the last 30 days (November 3 - December 2), which represents a $3,970 increase compared to the previous 30 day period (October 4 - November 2) and ($17,919) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Hamilton over the last 30 days (November 3 - December 2) stood at 101.6%, up from 71.0% over the previous 30 days (October 4 - November 2) and up from 59.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom home in Hamilton stood at 39 days when successfully sold over the last 30 days (November 3 - December 2), compared to 53 days before being removed from the market upon being suspended or terminated.Listing contracted with Revel Realty Inc.
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