Commercial listings / Investment / For sale
289-293 KENILWORTH Avenue N, Hamilton, ON L8H 4S8
$1,598,000
- Property type
- Investment
- Transaction
- For sale
- Location
- Hamilton, Hamilton
- Building area
- 4,200 Square Feet
- MLS® number
- X14125674
Description
Incredible low-maintenance investment offered at a massive 6.8% 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 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!
Listing brokerage: Corcoran Horizon Realty
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