$ 1,599,000
289-293 Kenilworth AVE N Hamilton, ON L8H 4S8
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,599,000
Est. payment /mo
Active
289-293 Kenilworth AVE N Hamilton, ON L8H 4S8
4,200 SqFt
UPDATED:
09/26/2024 05:22 PM
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
Listed by SOTHEBY`S INTERNATIONAL REALTY CANADA
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