289 KENILWORTH Avenue Unit# 289, Hamilton, Ontario L8H4S8 is For Sale and has a listing price of 1,599,000. The property is located in the Crown Point East neighbourhood. It's been on the website for 51 Days.
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 based on a 6.3% 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! (id:43137)
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 09/26/2024 | 40653611 | $1,599,000 | For Sale | - | - |
| 04/10/2024 | 40568924 | $1,599,000 | For Sale | - | - |
| 02/13/2024 | 40539905 | $1,599,000 | For Sale | - | - |