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.
Click the link to view the video tour of the property: https://player.vimeo.com/video/1030301084?title=0&byline=0&portrait=0&badge=0&autopause=0&player_id=0&app_id=58479
Location (City/Town)
Hamilton, City of
How should the public contact you?
Email
Email Address
kimberleymaclean@royallepage.ca
Phone: 289-253-4703
Practice For Sale
Business Opportunity
Practice For Sale
Price
759000
