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List Price: $1,799,000

289-293 Kenilworth Avenue, Hamilton, L8H 4S8

- By Sotheby's International Realty Canada, Brokerage
Commercial Retail|MLS - #X12089960|New
Bed
Bath
4200 Sqft.
None Garage

Client Remarks

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!
Property Description

289-293 Kenilworth Avenue, Hamilton, L8H 4S8

Property type

Commercial Retail

Lot size

N/A acres

Style

Approx. Area

4200 Sqft

Home Overview

Last check for updates

Virtual tour

N/A

Basement information

Building size

4200

Status

In-Active

Property sub type

Maintenance fee

$N/A

Year built

--

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289-293 Kenilworth Avenue, Hamilton, L8H 4S8
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Sales Representative

Shally Shi

Sales Representative, Dolphin Realty Inc

English, Mandarin
Commercial PropertiesProperty Management

Mortgage Information

Estimated Payment

$0 Principal and Interest

walking  Walk Score for 289-293 Kenilworth Avenue

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