5522 sqft
Fully Air Conditioned
Other
$3,399,000
A true landmark, this stunning mixed-use property offers a fabulous investment with both strong appreciation and cashflow upside. Home to the iconic, well-established Rapscallion Restaurant on the main and basement levels, this building also includes six one-bedroom apartments on the upper floors. The main floor restaurant unit is truly a showpiece; fully renovated into a luxurious fine dining establishment only four years ago. Lavishly finished with fine materials and truly beautiful design, the sprawling restaurant is licensed for 140 guests indoors and offers a huge, partially-covered 30-seat patio behind the building. In addition to the substantial renovations done to the main and lower levels, two of the apartments have been renovated, and additional work has been done two other units. Despite the residential rents being well below market, this exceptional building is being offered at a 5.5% cap rate. Located in the heart of the thriving James North arts and dining district, this building is surrounded by cafes, shops, and thousands of residential units under construction! It is also only a short walk to the financial core, the West Harbour GO station, and the $280 million arena project. It doesn't get better than this: location, cashflow, stability, and upside! (id:50976)
Property Details
|
MLS® Number
|
X9509499 |
|
Property Type
|
Retail |
|
Community Name
|
Beasley |
|
Amenities Near By
|
Public Transit |
Building
|
Cooling Type
|
Fully Air Conditioned |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Other |
|
Size Interior
|
5522 Sqft |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Public Transit |
|
Size Depth
|
152 Ft ,7 In |
|
Size Frontage
|
37 Ft ,5 In |
|
Size Irregular
|
37.42 X 152.65 Ft |
|
Size Total Text
|
37.42 X 152.65 Ft |
|
Zoning Description
|
H - Community Shopping And Commercial |
https://www.realtor.ca/real-estate/27577668/178-james-street-n-hamilton-beasley-beasley
