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Caroline Marshall

carolinesellsmuskoka@gmail.com +1(705) 388-1792

$ 2,875,000

Est. payment -/mo

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Active

237 James ST Hamilton, ON L8R 2L2

6,898 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 6,898 sqft

Price per Sqft $416

MLS Listing ID 40796237

Abv Grd Liv Area 6,898

Annual Tax Amount $13,817

Lot Size 3,484 Sqft

Acres 0.08

Property Sub-Type Building and Land

Source Cornerstone

Property Description

Strategically positioned on a through lot with exposure and access from both James Street North and Severn Street, offering two ground-floor commercial units and four residential units above.This diversified income profile may be suitable as a holding strategy for purchasers interested in properties within growing urban corridors. An abutting parcel located at 29 Severn Street is also available for purchase under separate ownership and representation (MLS#40797994). The availability of two side-by-side properties presents a rare opportunity. Acquiring adjacent parcels may increase total land area and frontage, consolidate lot lines, and provide optionality for improved access, servicing, circulation, parking, site layout, and massing. Paired with applicable zoning permissions, an assembly of this nature may unlock a unique potential development pathway that is independent of — and incremental to — the existing income-producing investment property. 29 Severn Street is a vacant parcel that previously had conceptual drawings prepared for a mixed-use building consisting of 1 commercial unit at grade and 6 residential units above under Permit No. BP-125643; the permit has since expired. The Seller of 29 Severn Street may have drawings or related materials available for purchaser's assistance. James Street North is a vibrant cultural and commercial district known for independent shops, restaurants, galleries, and Art Crawl events that draw strong local and regional foot traffic. The corridor has also benefited from sustained institutional and private investment, including the redevelopment of the TD Colosseum, which has emerged as a major economic contributor to Hamilton's downtown by attracting international touring acts, large-scale events, and hundreds of thousands of new visitors and potential customers annually. Recent features include wiring upgrades, a Laars FT Series boiler/tankless system (2005).

Location

Province ON

County Hamilton

Area 10 - Hamilton West

Zoning D2 - Downtown Mixed Use - Pedestrian Focus

Direction Located on the west side of James Street North between Mulberry and Colbourne Streets.

Rooms

Basement Full

Kitchen 0

Interior

Fireplace No

Exterior

Parking Features Attached Garage

Lot Frontage 27.5

Lot Depth 161.5

Garage No

Building

Lot Description Irregular Lot, Business Centre, City Lot, High Traffic Area, Highway Access, Hospital, Public Transit, Visual Exposure

Faces Located on the west side of James Street North between Mulberry and Colbourne Streets.

Story 3

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 3

New Construction No

Others

Senior Community false

Tax ID 171600203

Ownership Freehold/None

Listed by eXp Realty

NEARBY SCHOOLS & PROPERTIES

Caroline Marshall

+1(705) 388-1792

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