289-293 KENILWORTH Avenue N
Hamilton · Investment · For sale
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!
What’s it really worth?
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Listing facts from the live MLS® feed · listed by Corcoran Horizon Realty. AskEmma does not provide a fairness verdict or valuation on commercial property. Commercial real estate services are provided by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.