178 James Street N Home For Sale Hamilton, Ontario L8R 2L1
40653231
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$3,399,000
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! (id:34792)
Business
| Name | Rapscallion Rogue Eatery |
Property Details
| MLS® Number | 40653231 |
| Property Type | Office |
| Amenities Near By | Public Transit |
| Community Features | High Traffic Area |
| Equipment Type | Water Heater |
| Features | Visual Exposure |
| Rental Equipment Type | Water Heater |
Building
| Basement Type | Partial |
| Stories Total | 3 |
| Size Exterior | 5522.0000 |
| Size Interior | 5522 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 153 Ft |
| Size Frontage | 37 Ft |
| Size Irregular | 0.133 |
| Size Total | 0.133 Ac|under 1/2 Acre |
| Size Total Text | 0.133 Ac|under 1/2 Acre |
| Zoning Description | H - Community Shopping And Commercial |
https://www.realtor.ca/real-estate/27576815/178-james-street-n-hamilton
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October 24 2024 10:04:20
Oakville, Milton & District Real Estate Board
Sotheby's International Realty Canada, Brokerage
