574 UPPER JAMES Street
Hamilton, Ontario
5,500 sqft • Office
Rare opportunity to own this remarkable investment opportunity in an ultra-convenient Hamilton Mountain location with tremendous street presence and visibility. Easy access to hospitals, downtown, and the LINC. This standalone medical building comes with 13 parking spaces as well as 7 additional city parking passes and is fully tenanted. With an Annual Net Operating Income of $208,450 this property offers a Capitalization rate of 6.1% at asking. Whether you are an investor, or a medical professional looking to owner-occupy, this turnkey opportunity presents a lucrative income-generating opportunity in a superb location with plenty of upside.
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
- $682,250
- Homes sold
- 5,016
- Median days on market
- 27
- Sale-to-list price
- 97.1%
Based on 5,016 recorded sales of office properties in Hamilton over the last 12 months.
Location
Mortgage Calculator
$699,000
Estimated Monthly Payment
$17,170
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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