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289-293 Kenilworth Av N

4,200 SF 100% Leased Retail Building Hamilton, ON L8H 4S8 $1,599,000 CAD ($381 CAD/SF) 6% Cap Rate

Investment Highlights

  • Located at one of the highest-traffic corners in the city
  • Includes 4 beautifully renovated apartments
  • Fully tenanted property

Executive Summary

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!

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
4,200 SF
Building Class
B
Year Built
1960
Price
$1,599,000 CAD
Price Per SF
$381 CAD
Cap Rate
6%
NOI
$95,940 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.93
Lot Size
0.05 AC
Zoning
C5a - Commercial
Walk Score ®
Very Walkable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Tim Hortons
TD Canada Trust
Sunset Grill
CIBC
Scotiabank
Osmow's
Mandarin
Noodlebox
Fit4Less
Metro, Inc.
  • Listing ID: 31737020

  • Date on Market: 2024-05-08

  • Last Updated:

  • Address: 289-293 Kenilworth Av N, Hamilton, ON L8H 4S8

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