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151-153 James Street S, Hamilton, ON, L8P 2Z5

MLS® # 40592902
Commercial For Sale In Corktown, Hamilton, Ontario
$4,999,900
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
151-153 James Street S, Hamilton, ON
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ACTIVE
151-153 James Street S, Hamilton, ON, L8P 2Z5
$4,999,900

Property Information:

Prime Commercial Building with High-End Restaurant and Boutique Office Space. Excellent Location! This fully leased income property is situated in the prime restaurant district of South End Hamilton, adjacent to the GO Station and upcoming LRT line. This commercial asset houses two tenants: High-End Restaurant and Boutique Office Spaces (office spaces could be rented out to multiple tenants). Restaurant: New 10-year Carefree Triple NET lease with GTA restaurant group which invested $500k in the site, including multi-level patio with 150 outdoor patio seats, and over 200 indoor seats. Office Spaces: Second and third floors offer boutique office spaces with private balcony. Income: Generates substantial rental income with annual escalations and recoveries. 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 residential development.Beautifully preserved building with high ceilings, tin finishes, and exposed brick walls.Take Quick Action! With mortgage rates predicted to go down in a few days, now is the perfect time to grab this amazing deal. Don’t miss out on this exceptional investment opportunity in a rapidly growing area.

Inclusions: Chattel List To Be Provided

Exclusions : Tenants Belonging And Equipment

Property Features:

  • Bedrooms: 0
  • Acres Range: < 0.5
  • Basement: None
  • Lot Depth: 112 Feet
  • Lot Features: City Lot, High Traffic Area, Highway Access, Hospital, Public Transit, Rail Access
  • Lot Frontage: 47.95 Feet
  • Parking Features: Other
  • Water Source: Municipal
  • Zoning: I
  • Sewer: Other

Courtesy of: COSMOPOLITAN REALTY, RE/MAX NIAGARA REALTY LTD, BROKERAGE

Data provided by: Niagara Association of REALTORS® 116 Niagara Street, St. Catharines, Ontario L2R 4L4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 151-153 James Street S, Hamilton, ON, L8P 2Z5

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

29 hot days expected in 2050

Projected Storm Risk: High

13 storms expected in 2050

Projected Heat Risk: High

29 hot days expected in 2050

47/100

High

ClimateCheck®

Current data

This property, 151-153 James Street S, experiences 7 hot days per year at around 32.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 35.6 degrees Celsius.

Projected Avg. Temperature

Past
32.1℃
2050
35.6℃

# Hot Days Per Year

Past
7
2050
29

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk: High

13 storms expected in 2050

58/100

High

ClimateCheck®

Current data

This property, 151-153 James Street S, experiences 11 significant 2-day storms per year, with about 306.7mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 381.7mm of precipitation per year.

Precipitation Per Storm

Past
306.7mm
2050
381.7mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 151-153 James Street S, Hamilton, ON, L8P 2Z5

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$96,165.81

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.0 %

High school certificate or equivalent

24.13 %

Apprenticeship trade certificate/diploma

3.96 %

College/non-university certificate

19.87 %

University certificate (below bachelor)

2.53 %

University Degree

37.52 %

Commuter

Travel To Work

By Car

60.04 %

By Public Transit

20.35 %

By Walking

15.75 %

By Bicycle

0.21 %

By Other Methods

3.65 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

89.55 %

Houses

10.45 %

Own Vs. Rent

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