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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 (Crown Point), Ontario L8H4S8

MLS® Number: X9369495

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! (36840992)

Location Description

SW C at Barton & Kenilworth

Property Summary

Property Type
Business
Community Name
Crown Point
Land Size
35.08 x 64.8 FT
Annual Property Taxes
$10,180.79
Time on REALTOR.ca
50 days

Building

Heating & Cooling
Cooling
Partially air conditioned
Heating Type
Forced air (Electric)
Utilities
Water
Municipal water

Measurements

Square Footage
4200 sqft

Land

Lot Features
Frontage
35 ft
Land Depth
64 ft ,9 in
Other Property Information
Zoning Description
C5a
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
MARTINUS DOMINICUS GELEYNSE