Header

 

logo

header

$3,399,000
Available - For Sale
Listing ID: X10404406
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 five 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!
Price $3,399,000
Taxes: $15,730.43
Assessment: $580000
Assessment Year: 2024
Occupancy by: Own+Ten
Address: 178 JAMES St North , Hamilton, L8R 2L1, Ontario
Postal Code: L8R 2L1
Province/State: Ontario
Legal Description: PT LT 9 JAMES HUGHSON SURVEY (UNREGISTER
Lot Size: 37.42 x 152.65 (Acres)
Directions/Cross Streets: Located on the east side of James St N just north of Cannon St E
Zoning: H - Community Sh
Category: With Property
Total Area: 5,522
Total Area Code:  Sq Ft
Area Influences: Public Transit  
Business/Building Name: Rapscallion Rogue Eatery
Seats: 140
Sewers: Sewers
Water: Municipal
First Name: *
Last Name: *
Phone: *
Email: *
Showing Date:
Showing Time:
I Am Thinking of Moving
 
First Name: *
Last Name: *
Phone: *
Email: *

Message:

From:

Name:
Email:

To:

Name:
Email:

Comment:

 

Down payment: $  
Interest Rate: %  
Amortization :  Years
Payment Frequency:
Your Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
Sotheby's International Realty Canada, Brokerage

178 JAMES St North , Hamilton, L8R 2L1, Ontario


 
 Book Showing   Email a Friend 
Jump To:
At a Glance:
Type: Com - Sale Of Business
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Beasley
Style:
Lot Size: 37.42 x 152.65(Acres)
Approximate Age:
Tax: $15,730.43
Maintenance Fee: $0
Beds:
Baths:
Garage: 0
Fireplace:
Air Conditioning:
Pool:
Locatin Map:
View Larger Map
Payment Calculator:
Price:
Down Payment: %
Rate: %
Amortization:  Years
Frequency
Calculate
Down Payment:
Mortgage Payment:
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Listing info
Description
General Details
Property Detail
Financial Info
Utilities and more
Get More Info:
Book Showing
Request More Info
Email Friend
Photos and movies:
View Slide Show
View All Photos
Calculator:
Affordability Chart
Mortgage Calculator
More To Do:
Print This Page

Listing added to compare list, click here  to view comparison chart.
!-- start of askavenue script -->