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$1,799,000
289-293 KENILWORTH AVENUE N
Hamilton, Ontario, Ontario, L8H4S8
MLS® Number: X12089960
Property 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!
Building information
Cooling Type
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Heating Fuel
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Heating Type
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Size Interior
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Utility Water
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Land information
Size Depth
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Size Frontage
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Size Irregular
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Size Total
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Courtesy of Sotheby's International Realty Canada, Brokerage
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