148 James Street S,Hamilton, ON L8P 3A2
Hamilton, ON L8P 3A2
Description
A standout mixed-use investment in the heart of James Street South priced at a 6.4% cap rate. Fully leased, extensively improved, and exceptionally well located, 148 James Street South offers the rare combination of quality real estate, strong tenancy, diversified income, and low ongoing capital requirements. The property includes two beautifully built-out commercial spaces and three renovated residential apartments. The main floor is occupied by a thriving coffee shop, while the lower level is home to a successful fitness studio. Above are one studio, one one-bedroom, and one two-bedroom apartment. The building has undergone substantial improvements, including complete reconstruction of the residential suites and extensive upgrades to electrical, plumbing, and mechanical systems. With significant additional investment made by the commercial tenants, the property is now fully built out, fully occupied, and positioned as a highly desirable asset. Prominently located on James Street South in the Augusta Street restaurant district, the property is steps from St. Joseph's Healthcare Hamilton, downtown amenities, and less than 300 metres from the Hamilton GO Centre. A compelling addition to any investment portfolio: strong fundamentals, significant capital investment, and excellent long-term value in one of Hamilton's most established urban nodes.
Details
| MLS # | 40872464 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use,retail |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 15 |
| Listing Provided By | Corcoran Horizon Realty | Martinus Dominicus Geleynse |
Features
| SQ Feet | 5,184 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Zoning | D2 - Downtown Mixed Use - Pedest |
| Acreage | 0.07 |
Interior
| Cooling Yes / No | No |
|---|
Exterior
| Lot Features | City Lot, High Traffic Area, Hospital, Public Transit, Visual Exposure |
|---|---|
| Construction Materials | Stone |
| Foundation Details | Stone |
Parking
| Parking Features | Asphalt |
|---|---|
| Attached Garage Yes / No | No |
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 14279 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8P 3A2 |
| Area | 12 Hamilton West |
| Subarea | 122 Durand North |
| Community Name | 122 Durand North |
| Listing VS Median (in 122 Durand North) | |
Price: $1,599,000 low | high Med: $199,900 sqft: 5,184 low | high Med: 770 $ / sqft: $308 low | high Med: $260 On site: 15 low | high Med: 90 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8P 3A2 |
| Area | 12 Hamilton West |
| Subarea | 122 Durand North |
| Community Name | 122 Durand North |
| Listing VS Median (in 122 Durand North) | |
Price: $1,599,000 low | high Med: $199,900 sqft: 5,184 low | high Med: 770 $ / sqft: $308 low | high Med: $260 On site: 15 low | high Med: 90 | |
 | $1,599,000148 James Street SHamilton, ON L8P 3A2 |
