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 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!
Features
: Part
: Street
: Municipal
Additional Information
SOTHEBY`S INTERNATIONAL REALTY CANADA
Professional Office
Sw C At Barton & Kenilworth
64.8
35.08
: Elec Forced Air
0
Part
N
A
$10,181
2023
Address Map
289-293
Kenilworth
Ave
0
W80° 11' 36.7''
N43° 14' 56.4''

289-293 Kenilworth Ave

Hamilton, Ontario L8H 4S8

$1,599,000
Listing ID #X8223838
Basic Details
Property Type : Investment
Listing Type : Sale
Listing ID : X8223838
Price : $1,599,000
Rooms : 0
Year Built : 0
Country : CA
Province : Ontario
Area : Hamilton
Municipality : Hamilton
Postal Code : L8H 4S8
Community : Crown Point
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