41
  • X12089960
  • MLS® Number
  • Property Type
  • Commercial Retail, Commercial
  • Acres
  • Land Area
  • 4200 Sqft
  • Area Size

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

  • $1,799,000

Description

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!

Details

MLS® Number X12089960
Property Size 4200 Sqft
Updated on April 17, 2025 at 7:33 pm

Additional details

  • Utilities: Yes
  • Cooling: Yes
  • County: Hamilton
  • Property Type: Commercial Sale

Address

  • Address: 289-293 Kenilworth N Avenue
  • City: Hamilton
  • State/county: ON
  • Zip/Postal Code: L8H 4S8

Contact Information

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