Incredible low-maintenance investment offered at a massive 6.6% 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 Phase II 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!
Sotheby's International Realty Canada
$1,799,000
289-293 Kenilworth Avenue N, Hamilton, Ontario
0 Bedrooms
4200 Sqft
Property
MLS® Number: 40717357
Address: 289-293 Kenilworth Avenue N
City: Hamilton
Lot Size: 35.0ft x 64.66ft
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Property Sale History
Travel and Neighbourhood
88/100Walk Score®
Very Walkable
Location
