152 James St S, Hamilton, Ontario L8P 3A2

Listed for:
$1,949,000
0 beds
0 baths
Listed 12 days ago
152 James St S, Hamilton, Ontario L8P 3A2

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Listing provided by:
SOTHEBY'S INTERNATIONAL REALTY CANADA
MLS® number:
X8057180
Agent:
Martinus Dominicus Geleynse
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About

Turnkey fully-tenanted investment property listed above a 5% cap rate located in the historic stone terraces on bustling James Street South! This significantly renovated mixed-use commercial building sports a well-performing and well-known restaurant tenant on the main floor and three pristine, renovated apartments. Electrical, plumbing, and mechanical have been updated or replaced in the last three years of property ownership - the property shows beautifully. Rear parking accessible from laneway. Ideally situated, the property sits on high-traffic James Street South, in the Augusta restaurant district, now home to the Laundry Rooms & Plank Resto Bar, and steps from St. Joseph's Hospital and the Hunter Street GO Train/Bus Station, as well as the rest of Hamilton downtown! This turnkey, gorgeous investment property has been well cared for and absolutely deserves your attention. (No photos of restaurant or second floor apartment due to tenants. Bsmt apartment photos are virtually staged)**** EXTRAS **** No photos of restaurant or second floor apartment due to tenants. Basement apartment photos are virtually staged. (id:27476)

Property Highlights

Type
Cooling type
Partially air conditioned
Heating fuel
Fireplace
No
Construction material
Parking space
2
Ownership Type
Amenities nearby
Public Transit

Location

Summary

Conveniently situated in the heart of the bustling James Street South, this turnkey investment property offers a fully-tenanted opportunity with a cap rate of over 5%. The mixed-use commercial building has been extensively renovated and features a popular restaurant tenant on the main floor, along with three beautifully refurbished apartments. Recent updates to the electrical, plumbing, and mechanical systems ensure that the property is in excellent condition, and rear parking is accessible from the laneway.

Located in the Augusta restaurant district, the property enjoys high visibility and is in close proximity to the Laundry Rooms & Plank Resto Bar, St. Joseph's Hospital, and the Hunter Street GO Train/Bus Station. With its prime location in downtown Hamilton, this investment property is a rare find and has been meticulously maintained to attract discerning investors.

Although there are no photos available for the restaurant or second floor apartment due to tenants, the basement apartment has been virtually staged to showcase its potential. This property is currently listed for sale and offers a land size of 24.16 x 118 FT, with convenient access to public transit and partially air conditioned cooling.

Located at 152 JAMES ST S in the Durand community of Hamilton, Ontario, this property is a unique opportunity for investors looking to capitalize on the vibrant and thriving downtown area. The postal code for this property is L8P3A2, and it presents an attractive option for those seeking a well-performing investment in a prime location.

Street Spotlight - For sale