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289-293 Kenilworth Av N 4,200 SF 100% Leased Retail Building Hamilton, ON L8H 4S8 $1,749,000 CAD ($416.43 CAD/SF) 6.79% Cap Rate

Retail Spaces Ontario Hamilton 289-293 Kenilworth Av N, Hamilton, ON L8H 4S8

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EXECUTIVE SUMMARY

Incredible low-maintenance investment offered at a massive 6.6% 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!

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
4,200 SF
Building Class
B
Year Built
1960
Price
$1,749,000 CAD
Price Per SF
$416.43 CAD
Cap Rate
6.79%
NOI
$118,734 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.93
Lot Size
0.05 AC
Zoning
C5a - Commercial
Frontage
34’ on Barton St

AMENITIES

  • Bus Line
  • Corner Lot
  • Air Conditioning
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Walk Score®
Very Walkable (89)
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NEARBY MAJOR RETAILERS

Tim Hortons
TD Canada Trust
CIBC
Scotiabank
Sunset Grill
Osmow's
Mandarin
Fit4Less
BMO
RBC Royal Bank
(905) 296-3930

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Contact the broker for more information about this property

CONTACT

  • Martinus Geleynse
    Martinus Geleynse

  • Listing ID: 35507245

  • Date on Market: 2025-04-16

  • Last Updated:

  • Address: 289-293 Kenilworth Av N, Hamilton, ON L8H 4S8

The Hamilton Central East B Retail Property at 289-293 Kenilworth Av N, Hamilton, ON L8H 4S8 is currently available. Contact The Corcoran Group for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

NEARBY LISTINGS

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289-293 Kenilworth Av N
(905) 296-3930 x

289-293 Kenilworth Av N

Martinus Geleynse
(905) 296-3930

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