$1,599,000
FOR SALE

Investment

Lot: 35.08 x 64.8 ftTotal Area: 4,200 ft2
2023 Taxes: $10,180.79

289-293 Kenilworth Ave N
Hamilton, ON L8H 4S8 | Crown Point

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 over a 6% 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!
Share
Listed By SOTHEBY`S INTERNATIONAL REALTY CANADA
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8223838
Last Updated Apr 11, 2024
Property Summary
Property Type Investment

More like this:
Category Retail
PIN 172480089
Occupancy Tenant
Possession Date Flexible
Taxes (2023) $10,180.79
Tax Type Annual
Directions/Cross Streets Sw C At Barton & Kenilworth
Neighbourhood Crown Point
Area Hamilton
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 35.08 x 64.8 ft
Total Area 4,200 ft2
Air Conditioning Part
Garage Type Street
Heat Type Elec Forced Air
Utilities Y
Water Municipal
Lot/Bldg/Unit Code Lot
Zoning C5a
Seller Property Info Statement N

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
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.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)