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:4069)
| Address |
289-293 KENILWORTH AVENUE N |
| List Price |
$1,599,000 |
| Property Type |
Business |
| Area |
Ontario |
| Sub-Area |
Hamilton (crown Point) |
| Floor Area |
4,200 Sq. Ft. |
| Lot Size |
35.08 x 64.8 FT Sq. Ft. |
| MLS® Number |
X9369495 |
| Listing Brokerage |
SOTHEBY'S INTERNATIONAL REALTY CANADA
|
| Postal Code |
L8H4S8 |
| Zoning |
C5a |
