<-- style PDP --> 197 James Street, Hamilton - Building and Land for sale for $2,999,990
  • sold

197 James Street

Hamilton, ON, L8R 2L2 - Strathcona

$2,999,990$000000

  • Neighbourhood

    Strathcona

  • Major Intersection

  • Listed Since: 87 day(s)

  • Last update: 15 day(s) ago

Overview

  • Property Type

    Building and Land, Commercial Sale

  • Bedrooms

    n/a

  • Bathrooms

    n/a

  • Basement

    Full

  • Kitchen

    n/a

  • Total Parking

    n/a

  • Lot Size

    Available Upon Request

  • Taxes

    $28,585.00 (2026)

  • Type

    Commercial

Property Description

Property description for 197 James Street, 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. 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

Listed by Revel Realty Inc.

  • MLS #

    40848305

  • Sq. Ft

    9774

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    Available Upon Request

  • Pool

    n/a

  • Drive

    n/a

  • Garage

    n/a

  • Total Parking

    n/a

  • Family Room

    n/a

  • Den

    n/a

  • Exterior

    Brick, Brick Veneer

  • Fireplace

    n/a

  • Roof

    n/a

  • Foundation

    Concrete Block, Stone

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    n/a

  • A/C

    n/a

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    n/a

  • Central Vac

    n/a

  • MLS #

    40848305

  • Sq. Ft

    9774

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    Available Upon Request

  • Pool

    n/a

  • Drive

    n/a

  • Garage

    n/a

  • Total Parking

    n/a

  • Family Room

    n/a

  • Den

    n/a

  • Exterior

    Brick, Brick Veneer

  • Fireplace

    n/a

  • Roof

    n/a

  • Foundation

    Concrete Block, Stone

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    n/a

  • A/C

    n/a

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    n/a

  • Central Vac

    n/a

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

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estimate your home value

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

Property History

Property history for 197 James Street, Hamilton

This property has been sold 17 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Inventory Graph

10 9 8 7 6 5 4 3 2 1 0 7 Months of inventory SELLER'S Market BALANCED Market BUYER'S Market

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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