289-293 Kenilworth Avenue N Hamilton, Ontario L8H 4S8
$1,599,000
Prime investment opportunity located at one of the highest-traffic corners in the city! This fully-renovated, fully-tenanted building is well-positioned for either the experienced or first-time investor. Includes 4 beautifully renovated apartments, a strong anchor commercial tenant on the ground floor, and a brand new tenancy with a strong lease in the previously-vacant commercial unit. Additional income comes from rooftop billboards. Currently priced based on a 6.3% cap rate, this property is capable of achieving a stronger cap rate with minimal effort in the short-term. In exceptional condition, this property comes with a recent, clean Phase II Environmental. Plus, there are no parking spots, balconies, or elevators to maintain or cause issues! With significant opportunity for upside as well, this is an excellent, low-maintenance investment with a strong returns and more upside to be realized! (id:57069)
Property Details
| MLS® Number | 40653611 |
| Property Type | Office |
| AmenitiesNearBy | Public Transit |
| CommunityFeatures | High Traffic Area |
Building
| BasementType | Full |
| StoriesTotal | 2 |
| SizeExterior | 4200.0000 |
| SizeInterior | 4200 Sqft |
| UtilityWater | Municipal Water |
Land
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Public Transit |
| Sewer | Municipal Sewage System |
| SizeDepth | 35 Ft |
| SizeFrontage | 65 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | C5a |
https://www.realtor.ca/real-estate/27469931/289-293-kenilworth-avenue-n-hamilton
183 James St S - Unit# 1
Hamilton, Ontario L8P 3A8
(905) 296-3930
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September 26 2024 05:36:53
Oakville, Milton & District Real Estate Board
Sotheby's International Realty Canada, Brokerage