201 James Street, Hamilton (Central), Ontario, L8R2L2




$999,000
Hamilton
This retail property in Hamilton is for sale offering roughly 2,500 sq ft of space.
Prime investment opportunity located in the heart of downtown Hamilton. This standalone mixed-use property is situated near the GO Station and all local amenities. It features a well-established restaurant space with a 40-year history, previously called Gate of India, currently leased to a new owner. The property offers strong cash flow and a favorable cap rate and includes a full basement along with two dedicated owner parking spaces at the rear. This property presents an outstanding opportunity for investors or business owners seeking income, flexibility, and long-term upside. Also, there is potential to build a high rise in the future. The buyer has to do their own due diligence for tax, sq ft, and zoning. Please do not go direct. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 222 days on market, against an average age of 71 days across the listings currently for sale in this city
This retail in Hamilton (Central) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $999,000, about 18.6× the local median household income of $53,600.
Carrying it typically needs a household income of about $195,140 (20% down, 25-yr amortization, stress-tested) — roughly 264% above the area median.
Source: Statistics Canada, 2021 Census (FSA L8R)
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