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$1,749,000
Available - For Sale
Listing ID: X12233206
Incredible low-maintenance investment offered at a massive 6.8% 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!
Price $1,749,000
Taxes: $10,702.14
Tax Type: Annual
Occupancy by: Tenant
Address: 289-293 Kenilworth Aven North , Hamilton, L8H 4S8, Hamilton
Postal Code: L8H 4S8
Province/State: Hamilton
Legal Description: PT LT 20, BLK T, PL 395 , AS IN CD182423
Directions/Cross Streets: Barton
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Multi-Use
Building Percentage: F
Total Area: 4,200
Total Area Code:  Acres
Retail Area Code: Sq Ft
Maintenance: 0
Sprinklers: No
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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Sotheby's International Realty Canada, Brokerage

289-293 Kenilworth Aven North , Hamilton, L8H 4S8, Hamilton


 
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At a Glance:
Type: Com - Commercial Retail
Area: Hamilton
Municipality: Hamilton
Neighbourhood: Crown Point
Style:
Lot Size: x 35.00(Feet)
Approximate Age:
Tax: $10,702.14
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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