$420.13 Per Sq Foot $4,236 est/mo Sourced by Back At You

553 James Street N,Hamilton, ON L8L 1J6

Hamilton ON, L8L 1J6

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Description

One of the North End's most iconic buildings! Previously housing Ed's Variety, a staple of the community for decades, 553 James Street North is a hammer-ready project. With permits granted by the City of Hamilton, the property is ready for renovation and buildout of the main floor commercial space for restaurant or cafe and the 2nd floor apartment for spacious 2-bed, 2-bath living. Ideal for a live/work scenario or as a future income property with significant revenue potential! Full permit package available upon request, including engineered drawings, all of which have been approved by the City, along with all necessary encroachment agreements. Minor variance carried out on the property allowing for restaurant/cafe on the main floor! The upper floor living space has also been approved to have roof height raised at rear to the height of the remaining building, as well as approval in place for internal path for commercial exhaust fan from main floor (both included in permit package). Hamilton's North End/Waterfront area remains one of Hamilton's most sought-after neighbourhoods - steps to Bayfront Park and the Pier 4 and Pier 8 developments, which will see 1,500 more units added to the neighbourhood in the comings years, as well as the shops and cafes of James Street North. This creates a perfect opportunity for the discerning entrepreneur or restaurateur to get ahead of these developments and have your new location up and swinging, ready for new residents and customers. Whether you're looking for an investment property, a construction project, a live/work opportunity, or your newest restaurant location, this remains a singular, iconic opportunity.

Details

MLS#40507259
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site199
Listing Provided BySotheby's International Realty Canada, Brokerage | Martinus Geleynse

Features

SQ Feet1,878
BasementY
Story(s)2
ZoningD - See Remarks
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 27 seconds ago
ProvinceON
CountyHamilton
CityHamilton
Postal CodeL8L 1J6
Area10 Hamilton West
Subarea100 North End West
Community Name100 North End West
Listing VS Median (in 100 North End West)
Price:
$789,000
low | high
Med:
$789,000
50% of Average
SqFt:
1,878
low | high
Med:
1,878
50% of Average
$ / SqFt:
$420
low | high
Med:
$420
50% of Average
On Site:
199
low | high
Med:
199.000000
100% of Average
Sourced by Back At You
Listing Updated: December 13, 2023 at 10:16:16 PM PST