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 five 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:56069)
| Name | Rapscallion Rogue Eatery |
| MLS® Number | X10404406 |
| Property Type | Retail |
| Neigbourhood | Beasley |
| Community Name | Beasley |
| Amenities Near By | Public Transit |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
| Basement Type | Partial |
| Size Interior | 5,522 Ft2 |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
| Size Irregular | Unit=37.42 X 152.65 Acre |
| Size Total Text | Unit=37.42 X 152.65 Acre|under 1/2 Acre |
| Zoning Description | H - Community Shopping And Commercial |
https://www.realtor.ca/real-estate/27576815/178-james-street-n-hamilton-beasley-beasley
Contact us for more information
Martinus Geleynse
Salesperson
(905) 296-3930
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
