201 JAMES Street
Hamilton, Ontario
2,500 sqft • Other
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.Please do not go direct.
Price History
Property
- Lot Size
- 0.06 acres
Schools
Elementary
- Dr. J. Edgar Davey Elementary Public School0.7 km
Public · Hamilton-Wentworth DSB · 585 students
Grade 3 reading: 65% met the provincial standard · Grade 6 math: 14% met the provincial standard
- Hess Street Junior Public School0.7 km
Public · Hamilton-Wentworth DSB · 310 students
Grade 3 reading: 50% met the provincial standard · Grade 6 math: 38% met the provincial standard
- Bennetto Elementary School0.8 km
Public · Hamilton-Wentworth DSB · 540 students
Grade 3 reading: 54% met the provincial standard · Grade 6 math: 19% met the provincial standard
Secondary
- System Alternative Education Sir Isaac Brock Secondary School0.9 km
Public · Hamilton-Wentworth DSB · 65 students
- Cathedral High School1.6 km
Catholic · Hamilton-Wentworth CDSB · 1650 students
Grade 10 literacy: 64% met the provincial standard
- École secondaire Georges-P-Vanier2.3 km
French public · CS Viamonde · 85 students
Grade 10 literacy: 100% 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 L8R
- Population
- 11,651
- Private dwellings
- 6,113
- Median age
- 38.4
- Average household size
- 2
- Median household income
- $53,600
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
Other 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 other properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$199,800
Estimated Monthly Payment
$4,908
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,908/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $250/mo
Estimates only. Consult a financial advisor.
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