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Property Description
Live, Work, and Thrive - All in One Place! Discover this unique Residential/Commercial Property! This versatile multi-use building offers exceptional potential for both commercial and residential ventures. Situated in a prime location on the Hamilton Mountain, with a flexible layout and modern amenities, this property is a true gem for investors and entrepreneurs alike. The well-maintained building ensures ongoing support for businesses and promising prospects for the apartment. Currently serving as a musical studio and gym, these commercial spaces represent a variety of usages for this building. The 2-bedroom, 1-bathroom apartment suite provides a comfortable and contemporary living space, making it highly attractive to prospective tenants. Seize the opportunity to thrive in the vibrant commercial area while also tapping into the residential rental market. Whether you're a new investor or looking to grow your portfolio, don't miss this chance to explore this dynamic space in the heart of the Hamilton Mountain. The following are allowed with the expected exceptions, limitations, rules & regulations: Artist Studio; Beverage Making Establishment; Catering Service; Commercial Entertainment; Commercial Parking Facility; Commercial Recreation; Commercial School; Communications Establishment; Craftsperson Shop; Day Nursery; Dwelling Unit, Mixed Use; Financial Establishment; Hotel; Laboratory; Medical Clinic; Microbrewery; Office; Performing Arts Theatre; Personal Services; Place of Assembly; Place of Worship; Repair Service; Restaurant; Retail; Social Services Establishment; Urban Farmers Market; Veterinary Service.
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Property Features
Hospital, Public Transit, School
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
25' x 100'
Fronting
West
Taxes
$9,019 (2023)
Basement
None
Exterior
Brick, Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | 2nd | 12.17' x 16.01' | |
| 2nd Br | 2nd | 9.74' x 10.50' | |
| Bathroom | 2nd | 9.68' x 12.60' | |
| Kitchen | 2nd | 11.32' x 30.41' | |
| Living | 2nd | 12.17' x 15.49' |
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Hamilton Market Statistics
Hamilton Price Trend
608 Upper James St is a 2-bedroom 1-bathroom home listed for sale at $1,499,999, which is $813,662 (118.6%) higher than the average sold price of $686,337 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 2 bedroom home in Hamilton increased by $35,114 (5.4%) compared to the previous 30 day period (July 21 - August 19) and down $26,854 (3.8%) from the same time one year ago.Inventory Change
There were 73 2-bedroom homes listed in Hamilton over the last 30 days (August 20 - September 18), which is up 25.9% compared with the previous 30 day period (July 21 - August 19) and up 15.9% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Hamilton typically sold ($15,414) (2.2%) below asking price over the last 30 days (August 20 - September 18), which represents a $10,619 decrease compared to the previous 30 day period (July 21 - August 19) and $1,021 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 2-bedroom homes in Hamilton over the last 30 days (August 20 - September 18) stood at 117.8%, down from 162.1% over the previous 30 days (July 21 - August 19) and up from 74.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in Hamilton stood at 42 days when successfully sold over the last 30 days (August 20 - September 18), compared to 55 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Innovation Realty
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