148 JAMES STREET S, Hamilton (Durand)
$1,599,000
For sale: Other
- Property type
- Investment
- MLS®
- MLS® X14098954
- Neighbourhood
- Durand
A standout mixed-use investment in the heart of James Street South priced at a 6.4% cap rate. Fully leased, extensively improved, and exceptionally well located, 148 James Street South offers the rare combination of quality real estate, strong tenancy, diversified income, and low ongoing capital requirements. The property includes two beautifully built-out commercial spaces and three renovated residential apartments. The main floor is occupied by a thriving coffee shop, while the lower level is home to a successful fitness studio. Above are one studio, one one-bedroom, and one two-bedroom apartment. The building has undergone substantial improvements, including complete reconstruction of the residential suites and extensive upgrades to electrical, plumbing, and mechanical systems. With significant additional investment made by the commercial tenants, the property is now fully built out, fully occupied, and positioned as a highly desirable asset. Prominently located on James Street South in the Augusta Street restaurant district, the property is steps from St. Joseph's Healthcare Hamilton, downtown amenities, and less than 300 metres from the Hamilton GO Centre. A compelling addition to any investment portfolio: strong fundamentals, significant capital investment, and excellent long-term value in one of Hamilton's most established urban nodes.
Sold data
Homes in Durand — recent sold market
Homes in Durand took a median of 52 days to sell over the last 365 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 93, across 57 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 89 days.
The median sale price was $455,000.
Homes sold for about 5.0% below asking on average, so there was room to negotiate.
About 4% of sales closed above the list price.
Around 33% of sellers reduced their price before finding a buyer.
- Median days to sell
- 52
- Median sale price
- $455,000
- Sale-to-list ratio
- 95.0%
- Sold above asking
- 4%
Based on 57 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Hamilton (Durand)
Hamilton (Durand) has 130 Fraser Institute–rated schools (108 elementary and 22 secondary), averaging 5.6/10.
- Rated schools
- 130
- Elementary
- 108
- Secondary
- 22
- Average rating
- 5.6 / 10
Top-rated schools in Hamilton (Durand)
- Corpus Christi — elementary, HamiltonFraser rating 10.0/10
- Norwood Park — elementary, HamiltonFraser rating 8.4/10
- Pope John Paul II — elementary, HamiltonFraser rating 8.0/10
- Our Lady of Lourdes — elementary, HamiltonFraser rating 7.3/10
- Westmount — secondary, HamiltonFraser rating 7.3/10
- Sacred Heart — elementary, HamiltonFraser rating 7.2/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 148 JAMES STREET S
$1,500,000
Other961 MAIN STREET E, Stipley, Hamilton
$1,489,000
Other571-575 KING STREET E, Landsdale, Hamilton
$1,784,900
Other290 QUEENSTON ROAD, Bartonville, Hamilton
$2,400,000
Other12 - 760 LAURENTIAN DRIVE, Industrial Burlington, Burlington
$1,250,000
Other2080 PINE STREET, Brant, Burlington
$2,200,000
Other649 UPPERJAMES STREET, Centremount, Hamilton
$1,575,000
Other31958 THE QUEENSWAY, Stonegate-Queensway, Toronto
$2,388,000
Other602 THE QUEENSWAY WAY, Stonegate-Queensway, Toronto