197 JAMES Street
Hamilton, Ontario
9,774 sqft • Other
Presenting 193-197 James Street North, on one of the most prestigious streets Hamilton has to offer. Steps to public transit, West Harbour Go Station, Acclamation Condos & other thriving businesses & future developments- this infamous building originally the Armoury Hotel has evolved to what is now a 21 unit office/retail asset. Offered at a 7.68% cap rate & set on the corner of James St N & Mulberry, this ~ 9700 square foot (as per MPAC) all brick building features a long time anchor tenant, Snafu Studios (both at street level) with 19 studio/office spaces across the second and third floors stable with young professional tenants & low vacancy producing ~$300,000 in annual gross income (before recoverable). The property also features forced air (dual system), central air (multiple units), high speed internet, hardwood floors while the office floors are equipped with 4 bathrooms (3 w/showers) and a shared kitchenette. Huge upside in converting office leases to a net structure (6/19 converted) and driving up NOI. All office tenants can also enjoy secured entry! An incredible opportunity to add to any commercial portfolio! Phase 1 & 2 ESA reports available. BUSINESSES NOT FOR SALE
Price History
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
- $682,000
- Homes sold
- 5,001
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 5,001 recorded sales of other properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$599,998
Estimated Monthly Payment
$14,738
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $14,738/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $750/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?