289-293 KENILWORTH AVENUE N

Hamilton (Crown Point)

,

Ontario

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 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! (id:6355)

Listing ID: X12233206 Transaction Type: For sale Bedrooms: Bathrooms: Kitchens: Constructed Date: Maintenance Fee: / Maintenance Type: Land Size Total Text: 4200 ac Land Size Irregular: 4200 Building Size Interior: 4200 ac Building Utility Water: Municipal water Building Heating Type: Forced air Building Cooling Type: Fully air conditioned Building Fixture: Land Sewer: Storage Type: Courtesy Of: Sotheby's International Realty Canada, Brokerage

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Community: Crown Point

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