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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 $857,842 (133.6%) higher than the average sold price of $642,157 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 2 bedroom home in Hamilton declined by $29,407 (4.4%) compared to the previous 30 day period (September 24 - October 23) and down $28,795 (4.3%) from the same time one year ago.Inventory Change
There were 64 2-bedroom homes listed in Hamilton over the last 30 days (October 24 - November 22), which is down 15.8% compared with the previous 30 day period (September 24 - October 23) and down 9.9% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in Hamilton typically sold ($13,497) (2.1%) below asking price over the last 30 days (October 24 - November 22), which represents a $1,444 increase compared to the previous 30 day period (September 24 - October 23) and ($17,496) more 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 (October 24 - November 22) stood at 109.4%, up from 60.5% over the previous 30 days (September 24 - October 23) and up from 52.1% 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 33 days when successfully sold over the last 30 days (October 24 - November 22), compared to 51 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Innovation Realty
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