289-293 Kenilworth Avenue N , Hamilton, ON L8H 4S8
Hamilton, ON L8H 4S8
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!
Details
| MLS# | 40653611 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 7 |
| Listing Provided By | Sotheby's International Realty Canada, Brokerage | Martinus Geleynse |
Features
| SQ Feet | 4,200 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Zoning | C5a |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Hamilton |
| City | Hamilton |
| Postal Code | L8H 4S8 |
| Area | 20 Hamilton Centre |
| Subarea | 201 Crown Point |
| Community Name | 201 Crown Point |
| Listing VS Median (in 201 Crown Point) | |
Price: $1,599,000 low | high Med: $549,000 SqFt: 4,200 low | high Med: 1,062 $ / SqFt: $381 low | high Med: $517 On Site: 7 low | high Med: 2.000000 | |