148 James Street South, Hamilton (Durand) - Business for Sale
148 James Street South, Hamilton (Durand), Ontario, L8P3A2
This business in Hamilton is for sale offering roughly 5,184 sq ft of space. It has been on the market 15 days, fresher than the Hamilton average of 61 days.
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. (id:66096)
Property Details
- MLS®
- X14098954
- Property Type
- Business
- Zoning
- D2 - Dt Mixed Use - Pedestrian Focus
- Interior Size
- 5,184 ft²
- Lot Size
- 25 × 120 ft (2,940 sq ft)
- Frontage
- 25 ft
- Heating
- Forced air, Natural gas
- Cooling
- Partially air conditioned
- Property Tax
- $14,279/yr
- Listed
- 15 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 15 days on market, against an average age of 61 days across the listings currently for sale in this city
This business in Hamilton (Durand) has been listed for 15 days, which is 46 days fresher than the city average of 61. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L8P)
This home lists at $1,599,000, about 27.6× the local median household income of $58,000.
Carrying it typically needs a household income of about $312,341 (20% down, 25-yr amortization, stress-tested) — roughly 439% above the area median.
- Median household income
- $58,000
- Population
- 24,773
- Median age
- 38.8
- Owner / renter
- 31% / 69%
- Avg. household size
- 1.8
Source: Statistics Canada, 2021 Census (FSA L8P)
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$1,599,000
Hamilton