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. (id:4069)
Address
148 JAMES Street S
List Price
$1,599,000
Property Type
Other
Type of Dwelling
Residential Commercial Mix
Transaction Type
Sale
Area
Ontario
Sub-Area
Hamilton
Floor Area
5,184 Sq. Ft.
Lot Depth
120 ft
Frontage Length
25 ft
MLS® Number
40872464
Listing Brokerage
Corcoran Horizon Realty
Basement Area
Partial
Postal Code
L8P3A2
Zoning
D2 - Downtown Mixed Use - Pedestrian Focus
Ownership
Freehold
Parking Places (Total)
4
Site Influences
Hospital, Public Transit
Features
Visual exposure, Paved driveway
Community Features
High Traffic Area
Foundation Details
Stone
Number Of Floors In Building
2.5
Water Source
Municipal water
Sewer
Municipal sewage system
