$1,599,000
Available - For Sale
Listing ID: X10403678
289-293 KENILWORTH Ave North , Hamilton, L8H 4S8, Ontario
| 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! |
| Price | $1,599,000 |
| Taxes: | $10180.79 |
| Assessment: | $331000 |
| Assessment Year: | 2016 |
| Occupancy by: | Tenant |
| Address: | 289-293 KENILWORTH Ave North , Hamilton, L8H 4S8, Ontario |
| Postal Code: | L8H 4S8 |
| Province/State: | Ontario |
| Legal Description: | PT LT 20, BLK T, PL 395 , AS IN CD182423 |
| Lot Size: | 64.66 x 35.00 (Feet) |
| Directions/Cross Streets: | SW Corner of Barton and Kenilworth |
| Category: | With Property |
| Total Area: | 4200.00 |
| Total Area Code: | Sq Ft |
| Retail Area: | 4200 |
| Area Influences: | Public Transit |
| Rail: | N |
| Sewers: | Sewers |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| Sotheby's International Realty Canada, Brokerage |
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Sherin M Justin, CPA CGA
Sales Representative
Dir:
647-231-8657
Bus:
905-239-9222
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Crown Point |
| Lot Size: | 64.66 x 35.00(Feet) |
| Tax: | $10,180.79 |
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