574 UPPER JAMES Street
Hamilton, Ontario
- 5,500 sqft
- Office
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%.
Price History
Schools
Elementary
- Sts. Peter and Paul Catholic Elementary School0.4 km
Catholic · Hamilton-Wentworth CDSB · 530 students
Grade 3 reading: 85% met the provincial standard · Grade 6 math: 51% met the provincial standard
- Queensdale School0.4 km
Public · Hamilton-Wentworth DSB · 400 students
Grade 3 reading: 66% met the provincial standard · Grade 6 math: 39% met the provincial standard
- Norwood Park Elementary School1.1 km
Public · Hamilton-Wentworth DSB · 500 students
Grade 3 reading: 93% met the provincial standard · Grade 6 math: 72% met the provincial standard
Secondary
- St. Charles Catholic Adult Secondary School0.4 km
Catholic · Hamilton-Wentworth CDSB · 345 students
- Turning Point Alternative Education School0.9 km
Public · Hamilton-Wentworth DSB · 100 students
- James Street Alternative Education1.7 km
Public · Hamilton-Wentworth DSB · 50 students
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 L9C
- Population
- 41,202
- Private dwellings
- 15,123
- Median age
- 41.2
- Average household size
- 2.7
- Median household income
- $92,000
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
Office in Hamilton · last 12 months
- Median sold price
- $680,000
- Homes sold
- 5,003
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 5,003 recorded sales of office properties in Hamilton over the last 12 months.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$699,000
Estimated Monthly Payment
$17,170
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $17,170/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $874/mo
Estimates only. Consult a financial advisor.
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