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Last Updated : 525 Days ago
151-153 James St S, Hamilton, Ontario, Durand

151-153 James St S, Hamilton MLS Number: X8427722

Durand, Hamilton, ON, L8P 2Z5

$4,999,900

Status: OFF MARKET

  • Property Type: Commercial (Commercial)
  • Property Taxes : $26000.00 (Tax Year:2023)
  • Listing Courtesy : Cosmopolitan Realty

151-153 James St S Property Description

Prime Commercial Building with High-End Restaurant and Boutique Office Space. Excellent Location! This fullyleased income property is situated in the prime restaurant district of South End Hamilton, adjacent to the GOStation and upcoming LRT line. This commercial asset houses two tenants: High-End Restaurant and BoutiqueOffice Spaces (office spaces could be rented out to multiple tenants). Restaurant: New 10-year Carefree TripleNET lease with GTA restaurant group which invested $500k in the site, including multi-level patio with 150outdoor patio seats, and over 200 indoor seats. Office Spaces: Second and third floors offer boutique officespaces with private balcony. Income: Generates substantial rental income with annual escalations andrecoveries. Numerous new developments in the vicinity including boutique hotel and other GTA restaurants.Great cap rate with a solid net operating income. Future Potential: Zoned for high-density residentialdevelopment. Beautifully preserved building with high ceilings, tin finishes, and exposed brick walls. TakeQuick Action! With mortgage rates predicted to go down in a few days, now is the perfect time to grab thisamazing deal. Dont miss out on this exceptional investment opportunity in a rapidly growing area.

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151-153 James St S Property Facts

Property Type :Commercial
MLS Number :X8427722
Listing Type :Sale
Possession Date :
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Last Updated :17 Jul, 2024 (525 Days ago)
Source :TRREB
Area :Hamilton
Postal Code : L8P 2Z5
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151-153 James St S Property Price & Tax Insights

Price : $4,999,900
Property Taxes :$26000.00
Tax Year :2023

151-153 James St S, Hamilton Property Details

Cross Street :James/Augusta
Fireplace/Stove :No

151-153 James St S, Hamilton - Price History

2024-06

11 Jun, 2024

TREB #X8427722

Available

$4999900.0

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151-153 James St S - Location Map and Landmarks

  • St. Joseph's Healthcare Hamilton - Charlton campus, Hamilton 0.4 km
  • McMaster University Medical Centre, Hamilton 0.53 km
  • Hamilton General, Hamilton 1.69 km
  • St. Joseph's Healthcare Hamilton - West 5th campus, Hamilton 1.7 km
  • Juravinski  and Cancer Centre, Hamilton 2.45 km
  • St. Peter's, Hamilton 2.87 km
  • McMaster Children's, Hamilton 3.87 km
  • Joseph Brant, Halton 9.08 km
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