289-293 KENILWORTH Ave N
Hamilton, L8H4S8
For Sale
$1,599,000
➧
➧
With Property
CATEGORY4,200 Sq Ft
TOTAL AREAX10403678
MLSIDContact Us
Property Description
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!
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Property Details
Category
With Property
Zoning
C5A
Total Area
4,200 Sq Ft
Retail Area
4,200
Lot Size
65' x 35'
Taxes
$10,181 (2023)
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Listing contracted with Sotheby's International Realty Canada, Brokerage
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