289-293 Kenilworth Avenue Sold Invalid date

Hamilton, Crown Point, L8H 4S8

$1,599,000$000000

Description

Listed by SOTHEBY`S INTERNATIONAL REALTY CANADA.

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!

Location

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  • Address: 289-293 Kenilworth Avenue
  • Neighborhood: Crown Point
  • City: Hamilton
  • State: Ontario
  • Postal Code: L8H 4S8

Property Details

  • Property ID: X9369495
  • Property Price: $1,599,000
  • Style: Investment, Retail
  • Garage: Street
  • A/C: Part
  • Heating: Elec Forced Air
  • Taxes: $10,180.79 (2023)
  • Lot: 64.80x35.08 (Feet)

Contact Manoj Kukreja

Sales Representative, Re/max Premier Inc., Brokerage
(647) 576 - 2100

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