$759,000Asking Price
15 Empress Avenue, Hamilton, ON L9A 1M1
Centremount, Hamilton
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 alive/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. Updates in 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.)
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 alive/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. Updates in 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.)
See MoreKey Info
- 2-Storey Detached
- 6-Car Driveway
- No Garage
- Upper James St
- 1500-2000 Approximate Sq Feet
- 51-99 Years Approximate Age
- Basement: Finished, Full
- 1 Kitchen
- Radiant Gas Heating
Property
- Lot Size 41.09 x 116.2 Feet
- < .50 Acreage
- Brick Exterior
- Taxes were $7,522 in 2025
- Possession: Flexible
Details
- Fireplace
- No Family Room
- Sewers
- Municipal Water
- MLS #X12054365
- ROYAL LEPAGE STATE REALTY
Extras
Rooms
| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 | Office | Main | 11.25' x 6.50' | Walk-In Closet(s), California Shutters |
| 2 | Office | Main | 7.84' x 7.74' | California Shutters |
| 3 | Office | Main | 9.25' x 7.58' | Side Door |
| 4 | Office | Main | 10.76' x 7.09' | Enamel Sink |
| 5 | Bathroom | Main | 7.51' x 6.50' | 2-PieceBath |
 | 1 2-Piece Bathroom on Main Floor | |||
| 1 4-Piece Bathroom | |||
| 1 3-Piece Bathroom on Lower | |||
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Who lives here?
Centremount, Hamilton is a west GTA neighbourhood notable for its singles, renters and business and health professionals. Residents tend to be older with a significant number of babies, youth aged 20 to 24, adults aged 25 to 34, 25 to 34, 25 to 34, 25 to 34 and 25 to 34 and seniors aged 65 to 69.
Families
Kids Per Family
1.0
kids per family
in the neighbourhood.
Singles
50%
of residents are
single and loving it.
50% singles
Hamilton (46%)Renters
37%
of residents
are renters.
37% renters
Hamilton (32%)Education
24%
of residents are
university grads.
24% university grads
Hamilton (28%)Income
Average Household Income
$92K
is the average household
income in the neighbourhood.
Professions
Professions
| Sales | 12% |
| Business | 10% |
| Trades | 9% |
| Health | 8% |
| Government | 7% |
Immigrants
21%
of residents were
born outside of Canada.
21% immigrants
Hamilton (25%)Birthplace - All
5.0% from Philippines
All-time
Birthplace - Recent
0.8% from Philippines
Recent
Foreign Languages
Foreign Languages
| Arabic | 3% |
| Spanish | 2% |
| Tagalog | 1% |
| French | 1% |
| Italian | 1% |
Religions
Religions
| Christian | 63% |
| Muslim | 2% |
| Hindu | 1% |
