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

Hamilton L8H 4S8 Ontario

MLS: X12089960

$1,799,000

Added 7 days ago | For Sale

Listed by: Sotheby's International Realty Canada, Brokerage

About Property

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!

Features

  • House Style:Commercial Retail
  • Bathrooms:
  • Land Size: 64.66 X 35
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Barton
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $10702.14
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12089960

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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