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Home ON Greater Hamilton Hamilton Old Hamilton Crown Point East
289-293 KENILWORTH Avenue N
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289-293 KENILWORTH Avenue N $1,599,000
$1,599,000
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289-293 KENILWORTH Avenue N
Hamilton, Ontario L8H4S8

MLS® Number: 40653611

Listing Description

Prime investment opportunity located at one of the highest-traffic corners in the city! This fully-renovated, fully-tenanted building is well-positioned for either the experienced or first-time investor. Includes 4 beautifully renovated apartments, a strong anchor commercial tenant on the ground floor, and a brand new tenancy with a strong lease in the previously-vacant commercial unit. Additional income comes from rooftop billboards. Currently priced based on a 6.3% cap rate, this property is capable of achieving a stronger cap rate with minimal effort in the short-term. 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! With significant opportunity for upside as well, this is an excellent, low-maintenance investment with a strong returns and more upside to be realized! (68123542)

Location Description

SW Corner of Barton and Kenilworth

Property Summary

Property Type
Office
Storeys
2
Subdivision Name
201 - Crown Point
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$10,180.79
Time on REALTOR.ca
50 days

Building

Interior Features
Basement Type
Full
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Public Transit

Measurements

Square Footage
4200 sqft
Exterior Building Size
4200 sqft

Land

Lot Features
Frontage
65 ft
Land Depth
35 ft
Other Property Information
Access
Highway access
Zoning Description
C5a
Data provided by: The Oakville, Milton & District Real Estate Board 208 - 400 Main Street East, Milton, Ontario L9T 4X5
Martinus Geleynse