Homes for sale - 178 JAMES STREET N, Hamilton (beasley), ON L8R2L1 ...

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RE/MAX Generation

generationremax@gmail.com +1(250) 858-5465

$3,399,000

Est. payment - /mo

5,522 SqFt

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,522 sqft

Price per Sqft $615

Subdivision Beasley

MLS® Listing ID X9509499

Originating Board Toronto Regional Real Estate Board

Property Description

A true landmark, this stunning mixed-use property offers a fabulous investment with both strong appreciation and cashflow upside. Home to the iconic, well-established Rapscallion Restaurant on the main and basement levels, this building also includes six one-bedroom apartments on the upper floors. The main floor restaurant unit is truly a showpiece; fully renovated into a luxurious fine dining establishment only four years ago. Lavishly finished with fine materials and truly beautiful design, the sprawling restaurant is licensed for 140 guests indoors and offers a huge, partially-covered 30-seat patio behind the building. In addition to the substantial renovations done to the main and lower levels, two of the apartments have been renovated, and additional work has been done two other units. Despite the residential rents being well below market, this exceptional building is being offered at a 5.5% cap rate. Located in the heart of the thriving James North arts and dining district, this building is surrounded by cafes, shops, and thousands of residential units under construction! It is also only a short walk to the financial core, the West Harbour GO station, and the $280 million arena project. It doesn't get better than this: location, cashflow, stability, and upside! (id:24570)

Location

Province ON

Interior

Heating Other

Cooling Fully air conditioned

Exterior

Parking Features No

View Y/N No

Private Pool No

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Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA

+1(250) 882-3335

alex@victoriahomes.com

178 JAMES STREET N Hamilton (beasley), ON L8R2L1