148 JAMES STREET S
Hamilton (Durand), Ontario
MLS® X14098954
$1,599,000
- Status
- Active
- Property type
- Business
- MLS® number
- X14098954
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 38Listing 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.
Property summary
- MLS® number
- X14098954
- Property type
- Business
- Leasable Area
- 5,184 sq ft
- Land size
- 24.5 x 120 FT
- Annual property taxes
- $14,279.00
- Days on market
- 25 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Partially air conditioned
What would this home cost you?
Based on the $1,599,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Corcoran Horizon Realty, HAMILTON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.