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For Sale · Specialty

289-293 KENILWORTH Avenue N, Hamilton

289-293 KENILWORTH Avenue N, Hamilton, ON L8H4S8

$1.6M total

4,200 SF

Asset Class

Specialty

Size

4,200 SF

Building class

A

Zoning

DC2 — Site Specific

$ / SF

$380

Occupancy

93%

About this property

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:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.60M
Down payment30% · $479K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$93K

Annual cash flow

$5K

Cash-on-cash

1.00%

DSCR

1.05

Going-in cap

5.84%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Meridian Health Group1,320 SF2027-07
Meridian Health Group879 SF2027-07
Aurora Legal LLP574 SF2034-07
Aurora Legal LLP1,146 SF2027-07

Area demographics

Trade area within 3 miles of the property.

Population

130,444

Households

59,405

Median income

$83,000

Median age

44

Daytime population

176,788

5-yr growth

0.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 289-293 KENILWORTH Avenue N, Hamilton.

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.