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2 + 1
BEDROOMS3
BATHROOMS2 + 1
KITCHENS7
ROOMSX9354370
MLSIDContact Us
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 & liabilitiesin place. Building features a new furnace, newer roof, luxury vinyl plank flooring, quartz countertops andstainless steel appliances. Each unit boasts large floor plans with great flow. Upper unit is complete withsoaring ceiling heights, exposed brick & a private patio area. Main floor is a large 800 sqft, one bedroomapartment with an additional private patio area. Basement apartment has a private separate entrancewith a walk-out to the side yard. All units are occupied by single tenants. ***Can be packaged withproperty next door (25 Grove St), to allow for 6 unit purchase***. Book your showing today!
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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 |
Extras
Carpet Free, Separate Hydro Meters
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 $879,900, which is $264,529 (43.0%) higher than the average sold price of $615,371 in the last 30 days (October 15 - November 13). During the last 30 days the average sold price for a 2 bedroom home in Hamilton declined by $75,325 (10.9%) compared to the previous 30 day period (September 15 - October 14) and down $97,098 (13.6%) from the same time one year ago.Inventory Change
There were 46 2-bedroom homes listed in Hamilton over the last 30 days (October 15 - November 13), which is down 41.8% compared with the previous 30 day period (September 15 - October 14) and down 37.8% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Hamilton typically sold ($12,691) (2.1%) below asking price over the last 30 days (October 15 - November 13), which represents a $6,576 increase compared to the previous 30 day period (September 15 - October 14) and ($21,878) 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 (October 15 - November 13) stood at 102.2%, up from 74.7% over the previous 30 days (September 15 - October 14) and up from 48.6% 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 40 days when successfully sold over the last 30 days (October 15 - November 13), compared to 50 days before being removed from the market upon being suspended or terminated.Listing contracted with Revel Realty Inc.
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