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Property Description
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: $1,400 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, 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! VACANT POSSESSION OF BASEMENT UNIT.
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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
$4,129 (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 $849,900, which is $65,591 (8.4%) higher than the average sold price of $784,309 in the last 30 days (November 21 - December 20). During the last 30 days the average sold price for a 2 bedroom home in Hamilton increased by $142,152 (22.1%) compared to the previous 30 day period (October 22 - November 20) and up $120,464 (18.1%) from the same time one year ago.Inventory Change
There were 40 2-bedroom homes listed in Hamilton over the last 30 days (November 21 - December 20), which is down 41.2% compared with the previous 30 day period (October 22 - November 20) and up 21.2% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Hamilton typically sold ($9,144) (1.2%) below asking price over the last 30 days (November 21 - December 20), which represents a $4,353 increase compared to the previous 30 day period (October 22 - November 20) and ($22,604) 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 21 - December 20) stood at 82.5%, down from 102.9% over the previous 30 days (October 22 - November 20) and down from 130.3% 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 42 days when successfully sold over the last 30 days (November 21 - December 20), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Revel Realty Inc.
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