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$1,699,000
X13756478 MLS® #
An exceptional investment opportunity, this mixed-use commercial building offers strong in-place cash flow with excellent future upside. Home to the incredibly popular and stylish Coffee Run Co. coffee shop, along with three beautiful residential apartments (1 studio, 1 one-bedroom, and 1 two-bedroom) and a second vacant commercial unit, this property offers a mix of steady income and potential for growth. Recently renovated from top to bottom, the building has been largely rebuilt and includes updated electrical, plumbing, and mechanical systems. The rear parking is conveniently accessible via the laneway; ideal for tenants. Situated in the heart of the vibrant Augusta restaurant district, the building boasts excellent visibility on James Street South. Surrounded by development, this prime location is just steps from St. Joseph's Hospital and under 300 meters from the Hunter Street GO Train and Bus station. With only the basement unit vacant, the property is generating strong income, and significant upside potential remains as this area becomes an increasingly popular hospitality hub. The seller is open to negotiating VTB financing support with a strong offer. Don't miss your chance to own a prime property in Hamilton's rapidly growing core! (id:5764)

148 James Street South, Hamilton (Durand)

Listing courtesy of Corcoran Horizon Realty.

$1,699,000
40861381 MLS® #
A standout mixed-use investment in the heart of James Street South. 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. (id:5764)

148 JAMES Street South, Hamilton

Listing courtesy of Corcoran Horizon Realty.