A standout mixed-use investment in the heart of James Street South priced at a 6.4% cap rate. 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.
Address
148 James Street S
List Price
$1,599,000
MLS® Status
New
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Hamilton
Sub-Area
Durand
Lot Depth
120
Lot Type
Lot
Lot Size Units
Feet
Lot Width
24.5
Parcel Number
171710039
Total Building Area
5184
Occupant Type
Tenant
Cross Street
James St South & Augusta St
Approx. Age
100+ Years
MLS® Number
X14098954
Listing Brokerage
Corcoran Horizon Realty
Basement
Yes
Postal Code
L8P 3A2
Posession Details
Flexible
Tax Amount
$14,279.00
Tax Year
2026
Site Influences
Major Highway, Public Transit
Community Features
Major Highway, Public Transit
Standard Status
Active
Board Or Association
Oakville, Milton & District Real Estate Board
Heating
Yes
Heat Type
Gas Forced Air Closed
Cooling
Yes
Cooling Features
Partial
Garage Type
None
Security Features
No
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