148 James Street S

About this Property

A standout mixed-use investment in the heart of James Street South priced at a 6.4% cap rate. Fully leased, extensively improved, and exceptionally well located, 148 James Street South offers the rare combination of quality real estate, strong tenancy, diversified income, and low ongoing capital requirements. The property includes two beautifully built-out commercial spaces and three renovated residential apartments. The main floor is occupied by a thriving coffee shop, while the lower level is home to a successful fitness studio. Above are one studio, one one-bedroom, and one two-bedroom apartment. The building has undergone substantial improvements, including complete reconstruction of the residential suites and extensive upgrades to electrical, plumbing, and mechanical systems. With significant additional investment made by the commercial tenants, the property is now fully built out, fully occupied, and positioned as a highly desirable asset. Prominently located on James Street South in the Augusta Street restaurant district, the property is steps from St. Joseph’s Healthcare Hamilton, downtown amenities, and less than 300 metres from the Hamilton GO Centre. A compelling addition to any investment portfolio: strong fundamentals, significant capital investment, and excellent long-term value in one of Hamilton’s most established urban nodes.

Listing Details

MLS #

40872464

Board

ITSO

Market

ontario

Property Type

Building and Land

Style

Commercial Sale

Parking Spaces

4

Basement

Partial

Lot Size

24.51 × 120 ft

Annual Taxes

$14,279/yr

Listed By

Corcoran Horizon Realty

Presented By

REMAX Hallmark®

Listed On

October 20, 2026

Days on Market

0