Homes for sale - 178 James Street N, Hamilton, ON L8R 2L1

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Ivan Gascho

[email protected] +1(519) 573-7440

Listed by Martinus Geleynse • Sotheby's International Realty Canada, Brokerage

$ 3,399,000

Est. payment -/mo

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178 James Street N Hamilton, ON L8R 2L1

5,522 SqFt

UPDATED:

10/24/2024 09:41 PM

Key Details

Property Type Commercial

Sub Type Mixed,Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 5,522 sqft

Price per Sqft $615

MLS Listing ID 40653231

Abv Grd Liv Area 5,522

Originating Board Oakville

Annual Tax Amount $15,730

Lot Size 5,793 Sqft

Acres 0.133

Property Description

A true landmark, this stunning mixed-use property offers a fabulous investment with both strong appreciation and cashflow upside. Home to the iconic, well-established Rapscallion Restaurant on the main and basement levels, this building also includes five apartments on the upper floors. The main floor restaurant unit is truly a showpiece; fully renovated into a luxurious fine dining establishment only four years ago. Lavishly finished with fine materials and truly beautiful design, the sprawling restaurant is licensed for 140 guests indoors and offers a huge, partially-covered 30-seat patio behind the building. In addition to the substantial renovations done to the main and lower levels, two of the apartments have been renovated, and additional work has been done two other units. Despite the residential rents being well below market, this exceptional building is being offered at a 5.5% cap rate. Located in the heart of the thriving James North arts and dining district, this building is surrounded by cafes, shops, and thousands of residential units under construction! It is also only a short walk to the financial core, the West Harbour GO station, and the $280 million arena project. It doesn't get better than this: location, cashflow, stability, and upside!

Location

Province ON

County Hamilton

Area 14 - Hamilton Centre

Zoning H - Community Shopping and Commercial

Direction Located on the east side of James St N just north of Cannon St E

Rooms

Basement Partial

Kitchen 0

Interior

Fireplace No

Exterior

Waterfront No

Lot Frontage 37.42

Lot Depth 152.65

Garage No

Building

Lot Description Business Centre, City Lot, High Traffic Area, Public Transit, Visual Exposure

Faces Located on the east side of James St N just north of Cannon St E

Story 3

Sewer Sewer (Municipal)

Water Municipal

New Construction No

Others

Senior Community No

Tax ID 171610022

Ownership Freehold/None

Ivan Gascho

Broker | License ID: 5015171

+1(519) 573-7440

Ivan Gascho

178 James Street N Hamilton, ON L8R 2L1

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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178 James Street N