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)
MLS® Number | 40653611 |
Property Type | Office |
AmenitiesNearBy | Public Transit |
CommunityFeatures | High Traffic Area |
BasementType | Full |
StoriesTotal | 2 |
SizeExterior | 4200.0000 |
SizeInterior | 4200 Sqft |
UtilityWater | Municipal Water |
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
Contact us for more information
Martinus Geleynse
Salesperson