574 UPPER JAMES Street
Hamilton, Ontario
MLS® 40853371
$3,495,000
- Status
- Active
- Property type
- Office
- MLS® number
- 40853371
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 23Listing description
Rare opportunity to own this remarkable investment opportunity in an ultra-convenient Hamilton Mountain location with tremendous street presence and visibility. Easy access to hospitals, downtown, and the LINC. This standalone medical building comes with 13 parking spaces as well as 7 additional city parking passes and is fully tenanted.
With an Annual Net Operating Income of $208,450 this property offers a Capitalization rate of 6. 1% at asking. Whether you are an investor, or a medical professional looking to owner-occupy, this turnkey opportunity presents a lucrative income-generating opportunity in a superb location with plenty of upside.
Property summary
- MLS® number
- 40853371
- Property type
- Office
- Building type
- Offices
- Size
- 5,500 sq ft
- Title
- Freehold
- Annual property taxes
- $27,000.00
- Parking
- 20 spaces
- Days on market
- 55 days
Features & details
- Basement
- Full
- Lot features
- Visual exposure, Elevator, Passenger elevator
- Community features
- High Traffic Area
What would this home cost you?
Based on the $3,495,000 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 Chestnut Park Realty Southwestern Ontario Ltd., Brokerage, Waterloo.
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.