289-293 Kenilworth Avenue N Hamilton, Ontario L8H 4S8
$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:50886)
Property Details
| MLS® Number | X9369495 |
| Property Type | Business |
| Community Name | Crown Point |
Building
| CoolingType | Partially Air Conditioned |
| HeatingFuel | Electric |
| HeatingType | Forced Air |
| SizeInterior | 4200 Sqft |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| SizeDepth | 64 Ft ,9 In |
| SizeFrontage | 35 Ft |
| SizeIrregular | 35.08 X 64.8 Ft |
| SizeTotalText | 35.08 X 64.8 Ft |
| ZoningDescription | C5a |
Interested?
Contact us for more information
Martinus Dominicus Geleynse
Salesperson
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October 18 2024 03:47:01
Toronto Real Estate Board
Sotheby's International Realty Canada