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289-293 Kenilworth Avenue N Hamilton, Ontario L8H 4S8

4200 sqft

$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:58043)

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

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Martinus Geleynse
Salesperson


Sotheby's International Realty Canada, Brokerage
183 James St S - Unit# 1
Hamilton, Ontario L8P 3A8

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