For Sale · Retail

634 UPPER JAMES Street, Hamilton

634 UPPER JAMES Street, Hamilton, ON L9C2Z2

$999,000 total

3,192.6 SF

Asset Class

Retail

Size

3,192.6 SF

Building class

A

Zoning

CB1 — Low Intensity Business

$ / SF

$313

Occupancy

82%

About this property

Exceptional opportunity to own a fully renovated commercial building positioned on one of the busiest corners in Hamilton on Upper James Street. This high-exposure property sits at the heart of the rapidly expanding Hamilton Mountain growth corridor, ensuring continued development, strong demand, and long-term value. Strategically located directly across from a major retail plaza anchored by Walmart, Shoppers Drug Mart, and LCBO, the property benefits from constant vehicle and pedestrian traffic. Minutes to the Linc Parkway for quick highway access, and close to St. Joseph’s Healthcare and Mohawk College, further driving consistent daily traffic. Originally constructed as a solid concrete bank building, the property has been extensively renovated and is in pristine condition. The versatile layout is well-suited for a wide range of commercial uses and features a fully finished lower level, secondary entrance, and convenient rear parking. Additional revenue opportunity with an owned Trivision billboard on this high-visibility corner, generating steady advertising income. Zoned C2, allowing for potential future expansion up to 11m (36 ft) above the existing structure, adding significant redevelopment upside. Full details available in the 3D virtual tour. (id:66811)

Financial sandbox

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Estimate
Purchase price$999K
Down payment30% · $300K
Interest rate6.25%
Amortization25 years
Occupancy82%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$55K

Annual cash flow

$-714

Cash-on-cash

-0.24%

DSCR

0.99

Going-in cap

5.47%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Halcyon Wealth Partners2,621 SF2031-04

Area demographics

Trade area within 3 miles of the property.

Population

49,594

Households

17,989

Median income

$91,500

Median age

45.9

Daytime population

51,006

5-yr growth

4.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 634 UPPER JAMES Street, Hamilton.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.