201 JAMES STREET N, Hamilton (Central)

$999,000

For sale: Other

Other at 201 JAMES STREET N, Hamilton (Central)
Property type
Commercial Retail
MLS®
MLS® X12928640
Neighbourhood
Central

Prime investment opportunity located in the heart of downtown Hamilton. This standalone mixed-use property is situated near the GO Station and all local amenities. It features a well-established restaurant space with a 40-year history, previously called Gate of India, currently leased to a new owner. The property offers strong cash flow and a favorable cap rate and includes a full basement along with two dedicated owner parking spaces at the rear. This property presents an outstanding opportunity for investors or business owners seeking income, flexibility, and long-term upside. Also, there is potential to build a high rise in the future. The buyer has to do their own due diligence for tax, sq ft, and zoning. Please do not go direct.

Sold data

Homes in Central — recent sold market

Homes in Central took a median of 43 days to sell over the last 365 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 60, across 33 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 72 days.

The median sale price was $449,999.

Homes sold for about 4.0% below asking on average, so there was room to negotiate.

About 6% of sales closed above the list price.

Around 21% of sellers reduced their price before finding a buyer.

Median days to sell
43
Median sale price
$449,999
Sale-to-list ratio
96.0%
Sold above asking
6%

Based on 33 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 (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 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 201 JAMES STREET N