Magnificent Mixed Use Property in the Heart of James North
Amazing investment opportunity. A true historical gem at the epicenter of where Hamilton’s downtown renewal caught flight. Grassroots Art Crawl gatherings within these walls and behind these classic facades over 15 years ago helped fuel a new energy into this fabulous historic shopping district.
A classic among classics. Circa 1912 this retail and multi residential jewel sits shoulder to shoulder amidst a magnificent character filled streetscape. Situated between the original and new GO Train Terminals, surrounded by new condominium development on all sides and a vibrant restaurant, arts and shopping district—the location for investment could not be better.
The property enjoys a classic early 20th century facade, numerous original character features and details as well as abundant systems upgrades and modern renovation updates. All systems go.
A solid and successful tenant base makes this opportunity perfect. Three thriving established retail businesses and four solid residential tenancies. Each unit has it’s own hyrdo and gas meter to service individual hot water heaters as well as gas stoves. A centralized boiler heats 2nd floor apartments. The 3rd floor apartment spans the entire top floor of the building and enjoys an updated forced air HVAC system, hot water heater, in suite laundry and gas stove.
The building offers 6700 sq. ft. of space plus a basement. 66 x 102 foot property. Off street parking for 6 to 8 cars.
8 hydro meters, 8 gas meters, HVAC and boiler upgrades, updated water service/meter manifold and meters, extensive wiring and electrical panel updates, Midified Bitumun flat roof 2015, Weil Mclean steam boiler 2016, windows 2015, secure entry system installed, renovated apartments +++