$1,599,000 Sale

Listed 17 hours ago

148 JAMES Street S

MLS® 40872464 Residential Commercial Mix

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Beds · 0

Baths · 0.0

Parking · 4

Sqft · 5184

Est. mortgage

$8,242/mo

Key Facts

Key facts for 148 JAMES Street S

Property Type

Commercial

Parking

Garage: No, 4 parking

MLS #

40872464

Size

5184 sqft

Basement

Partial

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

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 req...uirements. 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:10452)

Full Property Details

Interior

Washrooms

0.0

Square Footage

5184 sqft

Basement

Partial

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Square Footage

5184 sqft

Basement

Partial

Full Bathrooms

Half Bathrooms

Exterior

Acreage

under 1/2 acre

Parking Spaces

Garage Spaces Y/N

Zoning Description

D2 - Downtown Mixed Use - Pedestrian Focus

Land Amenities

Hospital, Public Transit

Acreage

under 1/2 acre

Parking Spaces

Garage Spaces Y/N

Zoning Description

D2 - Downtown Mixed Use - Pedestrian Focus

Land Amenities

Hospital, Public Transit

Building Description

Home Type

Commercial

Subtype

Residential Commercial Mix

Exterior

Stone

Sewers

Municipal sewage system

Water Supply

Municipal water

Home Type

Commercial

Subtype

Residential Commercial Mix

Exterior

Stone

Sewers

Municipal sewage system

Water Supply

Municipal water

Community

Central Hamilton

Area Code

Hamilton

Features

High Traffic Area

Community

Central Hamilton

Area Code

Hamilton

Features

High Traffic Area

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Justin Little

Email: info@sigmarealestategroup.com Cell: (905)-573-1188