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242 JAMES Street

242 JAMES Street

Hamilton, Ontario

4,951 sqft • Retail

$1,349,900

Historic Mixed-Use Gem Across from St. Joe’s – 242 James St S, in the heart of Hamilton’s vibrant downtown core, this stately mid-19th century building (circa 1850) offers timeless Victorian charm blended with flexible mixed-use functionality. Featuring classic brickwork, tall arched windows, steep gables, and heritage detailing, this three-storey property stands out as a remarkable investment and ownership opportunity. Boasting nearly 5000 sq ft, the main floor includes 1962 sq ft of well-designed commercial space: three offices, a reception area, full kitchen, full bath, and a feature brick fireplace. Access to a large unfinished basement adds expansion or storage potential. A rear stairwell offers emergency egress and access to the private parking area. Enjoy 4 total parking spots—3 rear via private drive and 1 front boulevard. A separate below-grade basement entrance allows for possible future independent use or rental. The upper two floors provide spacious residential accommodations: six bedrooms, two kitchens, three full baths, two living areas, dining space, and laundry. Perfect flexible rental opportunities. Ideal for professionals working at nearby hospitals, including St. Joseph’s directly across the street. Additional features include 10' ceilings on the main level, outdoor deck on 3rd level, air conditioning, electronic entry, and visible signage options. Nestled between many similar Victorian era properties of the Durand and Stinson School areas, multi unit remarkably stellar multi-million-dollar properties nearby. Steps to shopping, dining, medical offices, hospitals, GO transit, the escarpment, and major highways. Quick access to Hamilton International Airport and Porter Airlines. Live, work, and invest in one of Hamilton’s most desirable mixed-use locations. A remarkable opportunity to earn income from residential rentals while serving clients in the comfort of updated office space.

Price History

Schools

Elementary

  • Queen Victoria Elementary Public School0.5 km

    Public · Hamilton-Wentworth DSB · 585 students

    Grade 3 reading: 48% met the provincial standard · Grade 6 math: 14% met the provincial standard

  • Central Junior Public School0.5 km

    Public · Hamilton-Wentworth DSB · 320 students

    Grade 3 reading: 41% met the provincial standard

  • Queensdale School0.9 km

    Public · Hamilton-Wentworth DSB · 400 students

    Grade 3 reading: 66% met the provincial standard · Grade 6 math: 39% met the provincial standard

Secondary

  • System Alternative Education Sir Isaac Brock Secondary School1.2 km

    Public · Hamilton-Wentworth DSB · 65 students

  • St. Charles Catholic Adult Secondary School1.3 km

    Catholic · Hamilton-Wentworth CDSB · 345 students

  • Cathedral High School1.5 km

    Catholic · Hamilton-Wentworth CDSB · 1650 students

    Grade 10 literacy: 64% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area L8P

Population
24,773
Private dwellings
14,969
Median age
38.8
Average household size
1.8
Median household income
$58,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Retail in Hamilton · last 12 months

Median sold price
$682,825
Homes sold
4,992
Median days on market
27
Sale-to-list price
97.1%

Based on 4,992 recorded sales of retail properties in Hamilton over the last 12 months.

Location

Mortgage Calculator

$269,980

Estimated Monthly Payment

$6,632

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $6,632/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $337/mo

Estimates only. Consult a financial advisor.

R

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