289-293 Kenilworth Avenue N Hamilton, Ontario - MLS#: X8223838
$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 over a 6% 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:51158)
MLS: X8223838 For sale : 289-293 KENILWORTH AVE N 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 over a 6% 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:51158)
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Property Details
| MLS® Number | X8223838 |
| Property Type | Business |
| Community Name | Crown Point |
About 289-293 Kenilworth Avenue N, Hamilton, Ontario
Building
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Electric |
| Heating Type | Forced Air |
| Size Interior | 4200 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Irregular | 35.08 X 64.8 Ft |
| Size Total Text | 35.08 X 64.8 Ft |
https://www.realtor.ca/real-estate/26736692/289-293-kenilworth-avenue-n-hamilton-crown-point
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May 14 2024 05:28:26
Toronto Real Estate Board
Sotheby's International Realty Canada