550 James Street N, Hamilton ON

About 550 James Street N

Your dream duplex awaits—a home that can help pay for itself. Ideally located in Hamilton s desirable North End, just steps from Bayfront Park, West Harbour GO, and trendy James Street North restaurants, cafés and galleries. Whether you re an investor, owner-occupier seeking rental income, a multi-generational family, or someone looking to explore future development opportunities, this property checks all the boxes. Thoughtfully renovated from top to bottom, this legal duplex is currently generating $4700/mth in gross rental income. The main floor unit was previously operated as a successful short-term rental/Air B&B. It offers two spacious bedrooms, abundant storage, updated laundry facilities, an entertainer s kitchen, a cozy living room with a fireplace, and a stunning spa-inspired bathroom. Outside, you ll find an expansive backyard complete with a large deck and newer hot tub, all meticulously maintained. The upper unit features three bedrooms and, including a primary bedroom with oversized built-in closet organizers, a generous living room with a gas fireplace and custom built-ins, an updated eat-in kitchen with access to a charming balcony, and a bright open-concept attic loft ideal for a bedroom, home office, studio or cozy sitting area. The high-and-dry basement is the perfect space for a home gym, studio, recreation room or additional living space and benefits from having a separate entrance. Parking will never be an issue for your tenants and guests with ample free street parking on both sides of the street as well as the adjacent side streets. Updates: 2021- main floor custom closets, nest thermostat, new roof, new shed roof, new skylights, 2nd floor engineered hardwood, locking back gate, gas fireplace upper unit, electric fireplace lower unit living room. 2022- new sliding doors upper balcony/lower living room, fire alarm system. 2023- keyless front door lock, 2024–basement partially finished. 2026-lower unit engineered hardwood. (id:56071). Get more information on 550 James Street N

Property Features

Appliances:  Dishwasher, Dryer, Refrigerator, Washer, Microwave Built-in, Hot Tub
Features:  Private Yard
Rental Equipment:  Water Heater
Fireplace Total:  2
Fireplace:  Electric Other - See remarks
Directions:  North on James, property is on the right
Zoning Description:  D
Interior Size:  3273 sqft
Lot:  under 1/2 acre
Exterior Finish:  Brick
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   Natural gas / Central air conditioning
Age:  1890
Foundation: Stone
Constructed Date:  1890
Basement:  Full (Partially finished) Partially finished

Rooms & Sizes

4pc Bathroom Second level Measurements not available	Bedroom Second level 12 5 x 6 11	Bedroom Second level 13 3 x 11 8
Kitchen Second level 14 8 x 12 6	Living room Second level 14 4 x 12 6	Bedroom Third level 43 9 x 16 8
Sitting room Basement 43 0 x 16 8	2pc Bathroom Basement Measurements not available	Bedroom Basement 15 1 x 13 7
Living room Main level 13 8 x 11 0	3pc Bathroom Main level Measurements not available	Eat in kitchen Main level 15 8 x 11 7
Bedroom Main level 10 3 x 13 3	Primary Bedroom Main level 11 7 x 13 3