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. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Offered for only the second time since the 1950s, The John Patterson house is a landmark Hamilton mansion occupying a commanding corner at James South and Young. Known for its distinctive turret and imposing proscenium porch, this remarkable property is steps to St. Joseph's Hospital, the Hunter Street GO station, the Augusta Street restaurant district, the downtown core, major transit, restaurants, offices, and ongoing development. The location is unparalleled for exposure, appreciation, and access. Thoughtfully converted over time into a remarkable mixed-use building, it now offers a rare blend of heritage architecture, diversified income, and deep pride of ownership. The lower level fronts at grade onto Young Street and is home to two exceptional hospitality spaces, including a celebrated pizza shop and a beautifully designed dining room with a major recent high-end build-out. The sprawling main floor is a stunning professional office suite with private offices, open work areas, large kitchen, a spectacular boardroom, coffered ceilings, leaded glass, rich woodwork, and a grand entry foyer. The upper levels are equally memorable. The second floor is an elegant apartment with soaring ceilings, generous principal rooms, beautiful mouldings, abundant natural light, and exclusive rooftop patio access. The third floor has a distinctly urban, character-filled feel, with a skylit kitchen, spacious living area, large bedroom, and a spectacular turret room with dramatic windows and soaring ceiling height. Meticulously maintained, extensively updated, and rich with original detail, this is not just another mixed-use asset. Solid brick construction, slate roof, copper eaves/downspouts, rare on-site parking for up to 12 vehicles, and excellent tenants throughout make this a unique opportunity. This is a true Hamilton trophy property - a piece of the city's architectural fabric.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
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A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$10,799/mo
Mortgage (principal + interest)$8,791
Property taxFrom listing: $24,098/yr$2,008
Minimum 20% ($470,000 on this price) applies to homes priced over $1.5M in Canada; the slider starts at 20%. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$470,000
Ontario land transfer taxProvincial brackets, no first-time refund$45,225
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$518,025
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Hamilton has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. 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 information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
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