289-293 KENILWORTH Avenue N, Hamilton, ON L8H 4S8
Hamilton, ON L8H 4S8
About this property
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!
Property facts & features
- Property type
- Investment
- MLS® number
- X14125674
- Source status
- New
- Bedrooms
- Not provided
- Bathrooms
- Not provided
- Reported interior area
- 4200
- Neighbourhood
- Not provided
- Postal code
- L8H 4S8
- Garage
- None
- Lot depth (source units)
- 35
- Annual property tax
- 11195
- Basement
- Not provided
- Laundry
- Not provided
- Interior features
- Not provided
- Exterior features
- Not provided
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
Floor plans & room measurements
Floor plans and verified room measurements are not available for this property.
Property value & listing history
New · $1,598,000
Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.
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Explore active properties in Hamilton →Listing brokerage: Corcoran Horizon Realty. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X14125674. Information deemed reliable but not guaranteed.