289-293 Kenilworth Avenue N Active Save Request In-Person Tour Request Virtual Tour
Hamilton,ON L8H 4S8
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 4,200 sqft
Price per Sqft $428
MLS Listing ID 40717357
Abv Grd Liv Area 4,200
Originating Board Hamilton - Burlington
Annual Tax Amount $10,702
Property Sub-Type Mixed,Building and Land
Property Description
Incredible low-maintenance investment offered at a massive 6.6% cap rate even AFTER accounting for a vacancy allowance and repairs and maintenance! This fully-renovated, now fully-tenanted building is well-positioned for either the experienced or first-time investor. Includes 4 beautifully renovated apartments with great tenants, a fabulous new franchise QSR restaurant tenant on the ground floor, and a tenancy with a strong lease in the previously-vacant commercial unit. Additional income comes from rooftop billboards. 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! This is truly an exceptional opportunity for a strong, stable investment with a substantial, above-market return!
Location
Province ON
County Hamilton
Area 20 - Hamilton Centre
Zoning C5a
Direction SW Corner of Barton and Kenilworth
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 64.66
Lot Depth 35.0
Garage No
Building
Lot Description Business Centre,High Traffic Area,Highway Access,Public Transit,Visual Exposure
Faces SW Corner of Barton and Kenilworth
Story 2
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 172480089
Ownership Freehold/None