187 JAMES STREET N, Hamilton (Central)

$369,000

For sale: Other

Other at 187 JAMES STREET N, Hamilton (Central)
Property type
Commercial Retail
MLS®
MLS® X13745736
Neighbourhood
Central

A rare opportunity to acquire a fully leased commercial condominium in one of Hamilton's most desirable pockets, brilliantly positioned at the corner of James Street North and Mulberry Street in the heart of the city's vibrant arts, culture and dining district. This high-visibility retail unit is fully built out, operational, and occupied by The UPS Store under a triple-net lease, offering an investor the benefit of established tenancy, recognizable national branding, and a low-management ownership structure. The unit is part of the condos at Acclamation, an exceptionally well-maintained and well-governed condominium building, with centralized water, heating and cooling included in the condominium fees. Shared common-element washrooms reduce maintenance obligations within the unit itself. The location is exceptional: surrounded by the independent retailers, cafés, galleries and businesses that define James North, and within easy reach of the West Harbour GO Station, Hamilton's waterfront, and the downtown financial and employment core. For investors seeking a stable commercial asset in one of downtown Hamilton's strongest and most recognizable locations, this offering combines high visibility, quality real estate, established tenancy and largely carefree triple-net income. Note: This is listing is for the real property only and does include the sale of the tenant's business.

Sold data

Homes in Hamilton (Central) — recent sold market

Homes in Hamilton (Central) took a median of 29 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 56, across 1,265 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 49 days.

The median sale price was $685,000.

Homes sold for about 3.0% below asking on average, so there was room to negotiate.

About 12% of sales closed above the list price.

Around 28% of sellers reduced their price before finding a buyer.

Median days to sell
29
Median sale price
$685,000
Sale-to-list ratio
97.0%
Sold above asking
12%

Based on 1,265 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Hamilton (Central)

Hamilton (Central) 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 (Central)

  • Corpus Christielementary, HamiltonFraser rating 10.0/10
  • Norwood Parkelementary, HamiltonFraser rating 8.4/10
  • Pope John Paul IIelementary, HamiltonFraser rating 8.0/10
  • Our Lady of Lourdeselementary, HamiltonFraser rating 7.3/10
  • Westmountsecondary, HamiltonFraser rating 7.3/10
  • Sacred Heartelementary, HamiltonFraser rating 7.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 187 JAMES STREET N