193-199 James St N Local commercial 908 m² 96 % Loué À vendre Hamilton, ON L8R 2K9 2 795 136 € (3 078,23 €/m²)

Presenting 193-197 James Street North, located on one of Hamilton’s most prestigious streets, this 9,700 sq/ft all-brick building offers a fantastic investment opportunity. Just steps from public transit, the West Harbour Go Station, Acclamation Condos, and other thriving businesses and future developments, this property is perfectly situated for long-term growth. Originally the Armoury Hotel, this building now houses 21 units, including a long-time anchor tenant, Snafu Studios, at street level. The upper floors feature 19 studio/office spaces, currently leased to young professionals, with low vacancy. The property boasts modern amenities such as forced air, central air, high-speed internet, hardwood floors, and office floors equipped with four bathrooms (three with showers) and a shared kitchenette. There is significant upside potential by converting office leases to a net structure, increasing the property’s net operating income (NOI). Secure entry is provided for all office tenants, making this an incredible opportunity to add to any commercial portfolio.