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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)
Nearby Major Retailers
1 of 2
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289-293 Kenilworth Av N
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