$2,999,990
Available - For Sale
Listing ID: X13567318
197 James Street North , Hamilton, L8R 2L2, Hamilton
| Presenting 193-197 James Street North, on one of the most prestigious streets Hamilton has to offer. Steps to public transit, West Harbour Go Station, Acclamation Condos & other thriving businesses & future developments- this infamous building originally the Armoury Hotel has evolved to what is now a 21 unit office/retail asset. Set on the corner of James St N & Mulberry, this ~ 9700 square foot (as per MPAC) all brick building features a long time anchor tenant, Snafu Studios (both at street level) with 19 studio/office spaces across the second and third floors stable with young professional tenants & low vacancy producing ~$300,000 in annual gross income (before recoverable). The property also features forced air (dual system), central air (multiple units), high speed internet, hardwood floors while the office floors are equipped with 4 bathrooms (3 w/showers) and a shared kitchenette. Huge upside in converting office leases to a net structure (6/19 converted) and driving up NOI. All office tenants can also enjoy secured entry! An incredible opportunity to add to any commercial portfolio! Phase 1 & 2 ESA reports available. BUSINESSES NOT FOR SALE |
| Price | $2,999,990 |
| Taxes: | $28585.00 |
| Tax Type: | Annual |
| Assessment Year: | 2026 |
| Occupancy: | Owner+T |
| Address: | 197 James Street North , Hamilton, L8R 2L2, Hamilton |
| Postal Code: | L8R 2L2 |
| Province/State: | Hamilton |
| Legal Description: | PT LT 2 BLK 8 PL 39 AS IN CD308203, T/W |
| Directions/Cross Streets: | Corner of James St N & Mulberry St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Multi-Use |
| Use: | Other |
| Building Percentage: | F |
| Total Area: | 9774.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 6516 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary+Storm |
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| REVEL REALTY INC. |
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31.59 x 80.29
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Central |
| Tax: | $28,585 |
| Fireplace: | N |
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