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$1,599,000
Available - For Sale
Listing ID: X10403678
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!
Price $1,599,000
Taxes: $10,180.79
Assessment: $331000
Assessment Year: 2016
Occupancy by: Tenant
Address: 289-293 KENILWORTH Ave North , Hamilton, L8H 4S8, Ontario
Postal Code: L8H 4S8
Province/State: Ontario
Legal Description: PT LT 20, BLK T, PL 395 , AS IN CD182423
Lot Size: 64.66 x 35 (Feet)
Directions/Cross Streets: SW Corner of Barton and Kenilworth
Zoning: C5a
Category: With Property
Total Area: 4,200
Total Area Code:  Sq Ft
Retail Area: 4200
Area Influences: Public Transit  
Rail: N
Sewers: Sewers
Water: Municipal
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Sotheby's International Realty Canada, Brokerage

289-293 KENILWORTH Ave North , Hamilton, L8H 4S8, Ontario


 
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Type: Com - Sale Of Business
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Crown Point
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Lot Size: 64.66 x 35.00(Feet)
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Tax: $10,180.79
Maintenance Fee: $0
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