148 James Street S, Hamilton, ON L8P 3A2
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148 James Street S, Hamilton, ON L8P 3A2
148 James Street S, Hamilton, ON L8P 3A2
148 James Street S, Hamilton, ON L8P 3A2
148 James Street S, Hamilton, ON L8P 3A2
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Domenica Carelli

Domenica Carelli

+1(647) 214-2994
Listed by Martinus Dominicus Geleynse • Corcoran Horizon Realty
$ 1,599,000
Est. payment /mo
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Active

148 James Street S Hamilton, ON L8P 3A2

5,184 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 5,184 sqft

Price per Sqft $308

MLS Listing ID 40872464

Abv Grd Liv Area 5,184

Annual Tax Amount $14,279

Property Sub-Type Building and Land

Source Cornerstone

Property 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.

Location

Province ON

County Hamilton

Area 12 - Hamilton West

Zoning D2 - Downtown Mixed Use - Pedestrian Focus

Direction Located on the west side of James Street South between Bold and Duke streets.

Rooms

Basement Partial

Kitchen 0

Interior

Fireplace No

Exterior

Parking Features Asphalt

Parking On Site 4

Lot Frontage 24.51

Lot Depth 120.0

Garage No

Building

Lot Description City Lot, High Traffic Area, Hospital, Public Transit, Visual Exposure

Faces Located on the west side of James Street South between Bold and Duke streets.

Story 2

Foundation Stone

Sewer Sewer (Municipal)

Water Municipal

Structure Type Stone

New Construction No

Others

Senior Community No

Tax ID 171710039

Ownership Freehold/None

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Domenica Carelli

Domenica Carelli

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+1(647) 214-2994

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148 James Street S