Welcome to this remarkable investment located in the coveted neighborhood of Beasley. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Power of Sale Opportunity in Prime Downtown Hamilton. 62-66 James St. N presents a unique opportunity to acquire two highly visible properties on a prominent hard corner in Downtown Hamilton. Situated directly across from the transformative Hamilton Centre development, these vacant properties are offered below replacement value. The ground floor features three retail units, while the second floor boasts large floor plates and high ceilings, offering exceptional flexibility for customization and strong value-add potential. Located in a rapidly intensifying and gentrifying neighborhood, the properties are within close proximity to First Ontario Centre, Jackson Square, Hamilton Farmer's Market, and the city's vibrant emerging food scene. The D2 zone aims to foster a vibrant downtown area with a mix of uses, pedestrian-friendly design, and a variety of activities, allowing for a wide range of possibilities.
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No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 62-66 James Street N, Hamilton, ON L8R 2K5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Hamilton.
About Purchasing a Home in Hamilton, ON
For a property listed at $1 in Hamilton, the legal minimum down payment is $0 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $0 for this transaction. As this listing is in Hamilton (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $0.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.