193-197 James Street N
About the Property
ICONIC INVESTMENT OPPORTUNITY
Majestic Victorian Income Property in the Heart of James Street North
Built as The Armoury Hotel c.1887 and living various hotel incarnations since, this three-storey brick beauty was repurposed into the multi-unit commercial centrepiece it is today.
Situated at the corner of Mulberry Street, between Hamilton's two downtown GO stations and amongst new and ongoing condominium development, the location is superb.
The property houses two street-level commercial storefronts and 19 studio office spaces. James Street North's beloved Mulberry Coffeehouse occupies the corner unit with street side patio, courtyard patio, and lots of comfortable, varied cafe seating. This vibrant, successful and long-established licensed coffeehouse and eatery is the cornerstone of the area. The sought after vintage clothier—Snafu—occupies the second retail unit and is a terrific retail tenant.
The upper floors are home to 19 studio office units with four common washrooms including one per floor with shower. Studio units include air conditioning, gorgeous hardwood floors, large windows with natural light. The Studios at Hotel Hamilton are popular among artists, creative industry professionals and entrepreneurs and have traditionally enjoyed a low vacancy rate.
NOI $234,000. Full financial information available as well as Environmental Phase 1 and 2.
An amazing opportunity to own an iconic piece of history!