$1,599,000
FOR SALE

Office

Lot: 65 x 35 ft

289-293 Kenilworth Avenue N
Hamilton, ON L8H 4S8

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! (id:47421)
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Listed By Sotheby's International Realty Canada, Brokerage
Data Provided By The Oakville, Milton & District Real Estate Board
MLS® Listing Number 40653611
Last Updated Sep 26, 2024
Property Summary
Property Type Office

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Price History

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Detailed Information
Lot 65 x 35 ft
Amenities Nearby Public Transit
Community Features High Traffic Area
Listing Contract Date 2024-09-26
Location Description SW Corner of Barton and Kenilworth
Ownership Type Freehold
Property Type Office
Transaction Type For sale
Zoning Description C5a
Building
Basement Type Full
Stories Total 2
Size (Exterior) 4200
Utility Water Municipal water
Land
Total Size under 1/2 acre
Access Type Highway access
Amenities Public Transit
Sewer Municipal sewage system

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