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178 James Street N, Hamilton, ON, L8R 2L1

MLS® # 40653231
Commercial For Sale In Beasley, Hamilton, Ontario
$3,399,000
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
178 James Street N, Hamilton, ON
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ACTIVE
178 James Street N, Hamilton, ON, L8R 2L1
$3,399,000

Property Information:

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!

Exclusions : Chattels And Fixtures Of The Restaurant And Any/All Tenant Possessions.

Property Features:

  • Bedrooms: 0
  • Acres Range: < 0.5
  • Basement: Partial
  • Floor Space (approx): 5522 Square Feet
  • Lot Depth: 152.65 Feet
  • Lot Features: Business Centre, City Lot, High Traffic Area, Public Transit, Visual Exposure
  • Lot Frontage: 37.42 Feet
  • Water Source: Municipal
  • Zoning: H - Community Shopping and Commercial
  • Sewer: Sewer (Municipal)

Courtesy of: Sotheby's International Realty Canada, Brokerage

Data provided by: The Oakville, Milton and District Real Estate Board 125 Navy Street, Oakville, Ontario L6J 2Z5
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Location of 178 James Street N, Hamilton, ON, L8R 2L1

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

29 hot days expected in 2050

Projected Precipitation Risk: Moderate

13 storms expected in 2050

Projected Heat Risk: Moderate

29 hot days expected in 2050

47/100

Moderate

ClimateCheck®

Current data

This property, 178 James Street N, experiences 7 hot days per year at around 32.1 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 35.6 degrees Celsius.

Projected Avg. Temperature

Past
32.1℃
2050
35.6℃

# Hot Days Per Year

Past
7
2050
29

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

13 storms expected in 2050

58/100

Moderate

ClimateCheck®

Current data

This property, 178 James Street N, experiences 11 significant 2-day storms per year, with about 306.7mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 381.7mm of precipitation per year.

Precipitation Per Storm

Past
306.7mm
2050
381.7mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 178 James Street N, Hamilton, ON, L8R 2L1

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$101,786.25

Average Number of Children

1.81

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.65 %

High school certificate or equivalent

29.54 %

Apprenticeship trade certificate/diploma

4.19 %

College/non-university certificate

18.67 %

University certificate (below bachelor)

1.08 %

University Degree

22.87 %

Commuter

Travel To Work

By Car

69.83 %

By Public Transit

11.21 %

By Walking

14.81 %

By Bicycle

0.41 %

By Other Methods

3.74 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

63.94 %

Houses

36.06 %

Own Vs. Rent