$1,599,000 FOR SALE

Investment

Lot: 35.08 x 64.8 ftTotal Area: 4,200 ft2
2023 Taxes: $10,180.79

289-293 Kenilworth Ave N
Hamilton, ON L8H 4S8 | Crown Point

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!

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Listed By SOTHEBY`S INTERNATIONAL REALTY CANADA
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9369495
Last Updated Sep 26, 2024
Property Summary
Property Type Investment

More like this:
Category Retail
PIN 172480089
Occupancy Tenant
Possession Date Flexible
Taxes (2023) $10,180.79
Tax Type Annual
Directions/Cross Streets SW C at Barton & Kenilworth
Neighbourhood Crown Point
Area Hamilton
Price History
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Detailed Information
Freestanding Y
Lot 35.08 x 64.8 ft
Total Area 4,200 ft2
Air Conditioning Part
Garage Type Street
Heat Type Elec Forced Air
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning C5a
Seller Property Info Statement N

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