289-293 Kenilworth AVE N Active Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8H 4S8
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $380
MLS Listing ID X9369495
Annual Tax Amount $10,180
Tax Year 2023
Property 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!
Location
Province ON
County Hamilton
Area Crown Point
Region Crown Point
City Region Crown Point
Interior
Cooling Partial
Exterior
Utilities Available Yes