197 James ST N, Hamilton, ON L8R 2L2
197 James ST N, Hamilton, ON L8R 2L2
197 James ST N, Hamilton, ON L8R 2L2
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Christine Domina

Christine Domina

Christine Domina - Real Estate Smarts

+1(416) 873-4747
$2,999,990
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Subdivision Central

MLS Listing ID X13567318

Annual Tax Amount $28,585

Tax Year 2026

Property Sub-Type Commercial Retail

Property Description

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. Offered at a 7.68% cap rate & 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

Location

Province ON

County Hamilton

Area Hamilton

Interior

Cooling Yes

Exterior

Utilities Available Yes

Lot Frontage 42.86

Lot Depth 80.29

Others

Security Features Yes

ParcelsYN No

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Listed by REVEL REALTY INC.

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Christine Domina

Christine Domina

+1(416) 873-4747

Realtor | License ID: 9603994

Realtor License ID: 9603994

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