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289-293 Kenilworth Avenue N Hamilton, Ontario L8H 4S8

4200

$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:50449)

Property Details

MLS® Number 40568924
Property Type Office
Amenities Near By Public Transit
Community Features High Traffic Area
Features Visual Exposure

Building

Basement Type Full
Stories Total 2
Size Exterior 4200.0000
Size Interior 4200
Utility Water Municipal Water

Land

Access Type Highway Access
Acreage No
Land Amenities Public Transit
Sewer Municipal Sewage System
Size Depth 35 Ft
Size Frontage 65 Ft
Size Total Text Under 1/2 Acre
Zoning Description C5a

https://www.realtor.ca/real-estate/26731701/289-293-kenilworth-avenue-n-hamilton


Martinus Geleynse
Salesperson

(905) 537-4819
www.martinus.ca/