$1,599,000
( $380.71Per Sq Foot )
 $8,584 est/mo Sourced by Back At You

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

Hamilton, ON L8H 4S8

Share with a friend

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 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!

Details

MLS#40653611
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site43
Listing Provided BySotheby's International Realty Canada, Brokerage | Martinus Geleynse

Features

SQ Feet4,200
BasementY
Story(s)2
ZoningC5a
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

Request a showing

Request a showing

Loading Form
Listings Checked: 1 minute ago
ProvinceON
CountyHamilton
CityHamilton
Postal CodeL8H 4S8
Area20 Hamilton Centre
Subarea201 Crown Point
Community Name201 Crown Point
Listing VS Median (in 201 Crown Point)
Price:
$1,599,000
low | high
Med:
$544,000
100% of Average
SqFt:
4,200
low | high
Med:
1,700
100% of Average
$ / SqFt:
$381
low | high
Med:
$320
65.947467166979% of Average
On Site:
43
low | high
Med:
37.000000
100% of Average
Sourced by Back At You
Listing Updated: September 27, 2024 at 4:02:17 AM PDT