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574 Upper James Street, Hamilton, ON, L9C 2Y6

MLS® # 40795852
Commercial For Sale In Southam, Hamilton, Ontario
$3,599,900
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
574 Upper James Street, Hamilton, ON
  • Advertising
574 Upper James Street, Hamilton, ON, L9C 2Y6
$3,599,900

Property Information:

Remarkable investment opportunity in an ultra-convenient, high-exposure Hamilton Mountain location with tremendous street presence and visibility. This standalone medical building comes with 13 parking spaces and includes 5 (fully tenanted) units which generate an Annual Net Operating Income of approximately $220,000. This turnkey building presents a rare opportunity in a superb location with plenty of upside and an extremely favourable Capitalization Rate near 6%.

Inclusions: Medical Equipment And Office Furniture In Upper Unit ("medical Office #3")

Exclusions : Tenant-Owned Equipment, Belongings, And Furniture

Building Features:

  • Floor Space: 5500 Square Feet

Property Features:

  • Acres Range: < 0.5
  • Basement: Full
  • Floor Space (approx): 5500 Square Feet
  • Interior Features: High Speed Internet
  • Lot Depth: 148.87 Feet
  • Lot Features: High Traffic Area, Highway Access, Hospital, Public Transit, Visual Exposure
  • Lot Frontage: 50.00 Feet
  • Parking Features: Guest
  • Utilities: Electricity Connected, Phone Connected
  • Water Source: Municipal
  • Zoning: C5
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 13

Courtesy of: The Agency

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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Market Price Trends

Single family detached

-6.26%

Price change (1 year)

21.69%

Price change (5 years)

All Properties

-6.12%

Price change (1 year)

21.54%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 574 Upper James Street, Hamilton, ON, L9C 2Y6

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

31 hot days expected in 2050

Projected Precipitation Risk: Moderate

13 storms expected in 2050

Projected Heat Risk: Moderate

31 hot days expected in 2050

48/100

Moderate

ClimateCheck®

Current data

This property, 574 Upper James Street , experiences 7 hot days per year at around 31.7 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 31 hot days at 35.2 degrees Celsius.

Projected Avg. Temperature

Past
31.7℃
2050
35.2℃

# Hot Days Per Year

Past
7
2050
31

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate

13 storms expected in 2050

59/100

Moderate

ClimateCheck®

Current data

This property, 574 Upper James Street , experiences 11 significant 2-day storms per year, with about 310.7mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 385.2mm of precipitation per year.

Precipitation Per Storm

Past
310.7mm
2050
385.2mm

48-Hour Storms Per Year

Past
11
2050
13

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 574 Upper James Street, Hamilton, ON, L9C 2Y6

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$99,696.57

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.65 %

High school certificate or equivalent

31.73 %

Apprenticeship trade certificate/diploma

5.42 %

College/non-university certificate

25.6 %

University certificate (below bachelor)

0.93 %

University Degree

18.66 %

Commuter

Travel To Work

By Car

77.38 %

By Public Transit

13.25 %

By Walking

4.41 %

By Bicycle

0.0 %

By Other Methods

4.96 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

37.78 %

Houses

62.22 %

Own Vs. Rent

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