289-293 KENILWORTH Avenue North, Hamilton (Crown Point) - Business for Sale
289-293 KENILWORTH Avenue North, Hamilton (Crown Point), Ontario, L8H4S8
This business in Hamilton is for sale offering roughly 4,200 sq ft of space. It has been on the market 7 days, fresher than the Hamilton average of 79 days.
Description
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! (id:66096)
Property Details
- MLS®
- X14125674
- Property Type
- Business
- Zoning
- C5a
- Interior Size
- 4,200 ft²
- Lot Size
- 65 × 35 ft (2,263 sq ft)
- Frontage
- 65 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $11,195/yr
- Listed
- 7 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Just listed: 7 days on market, against an average age of 79 days across the listings currently for sale in this city
This business in Hamilton (Crown Point) has been listed for 7 days, which is 72 days fresher than the city average of 79. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L8H)
This home lists at $1,598,000, about 22.8× the local median household income of $70,000.
Carrying it typically needs a household income of about $312,145 (20% down, 25-yr amortization, stress-tested) — roughly 346% above the area median.
- Median household income
- $70,000
- Population
- 26,187
- Median age
- 40
- Owner / renter
- 66% / 34%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA L8H)
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$1,598,000
Hamilton