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Jackie Van Der Heyden

jackie.heyden@engelvoelkers.com +1(226) 507-0660

Listed by Martinus Geleynse • Sotheby's International Realty Canada

$ 1,799,000

Est. payment -/mo

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Active

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

4,200 SqFt

UPDATED:

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

Jackie Van Der Heyden

Advisor | License ID: 5008946

+1(226) 507-0660

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