289-293 Kenilworth Av N - Retail FOR SALE


Hamilton, ON L8H 4S8- Hamilton Central East B
$1,799,000 CAD
905-537-4819
289-293 Kenilworth Av N, Hamilton, ON for Sale
$1,799,000 CAD
Retail - FOR SALE
1/3
null | 6.6% Cap Rate

289-293 Kenilworth Av N
Hamilton, ON L8H 4S8
Hamilton Central East B


OVERVIEW

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!

FOR SALE DETAILS

PRICE

$1,799,000 CAD

PRICE/SF

$428 CAD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C5a

APN/PARCEL ID

251804031555850

ASK ABOUT THIS PROPERTY

Martinus GeleynseSotheby's International Realty CanadaMore Info
905-537-4819

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Martinus GeleynseSotheby's International Realty CanadaMore Info
905-537-4819

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.