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    For Sale - 289-293 KENILWORTH Avenue, Hamilton, Ontario

    Est payment $7,673/mo
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    Views   1
    Time on Jump  13 day

    AI Summary *

    • Fully renovated, fully tenanted building with four apartments and two commercial units.
    • Reported 6.8% cap rate after vacancy allowance and repairs and maintenance.
    • Additional income from rooftop billboards.
    • Recent environmental report is clean.
    • No parking, balconies, or elevators to maintain.




    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 IDX14125674
    Address289-293 KENILWORTH Avenue
    CityHamilton, Ontario
    Price$1,598,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentCommunity Features Public TransitBasement 1Heating / Cooling Gas Forced Air ClosedSewer Sanitary+Storm

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    Listing Brokerage: Corcoran Horizon Realty

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    289-293 Kenilworth Avenue
    Hamilton , Ontario
    $1,598,000
    Get more info