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112 MARGARET Avenue

$2,095,000

112 MARGARET Avenue, Kitchener, Ontario, N2H 4H6

MLS® # 40801492

Kitchener ON, N2H 4H6

MLS® # 40801492

Property Information:

Charming 12-unit brownstone in Kitcheners sought-after Mount Hope neighborhood, steps to the ION LRT, Kitchener GO Station, hospitals, parks, and downtown amenities. Built in 1942 and extensively updated, the property features all one-bedroom suites with modern kitchens, stainless steel appliances, luxury plank flooring, and on-site laundry. Current NOI $121,154.00, representing a 5.78% cap rate at asking price. Seven surface parking spaces (off-site). Strong rental demand from professionals, healthcare workers, and students. HST in addition to purchase price where applicable. Confidential rent roll and P&L available upon execution of a Confidentiality Agreement. (id:27)

Building Features:

Style: Multiplex
Basement Development: Partially finished
Basement Type: Full
Exterior Finish: Brick
Floor Space: 8900 sqft
Cooling Type: None
Appliances: Water softener

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Amenities Nearby: Park, Schools
Features: Laundry- Coin operated
Floor Space (approx): 8900 Square Feet
Lot Frontage: 50 Feet
Zoning: R2
Sewer: Municipal sewage system
Parking Type: Open
No. of Parking Spaces: 7

Courtesy of: Real Broker Ontario Ltd.

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⚠ Potential Investment Performance

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Market Price Trends

Location of 112 MARGARET Avenue, Kitchener, Ontario, N2H 4H6

Lifestyle
Neighbourhood

Demographic Information of 112 MARGARET Avenue, Kitchener, Ontario, N2H 4H6

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$105,429.05

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.96 %

High school certificate or equivalent

28.12 %

Apprenticeship trade certificate/diploma

6.99 %

College/non-university certificate

18.75 %

University certificate (below bachelor)

1.35 %

University Degree

34.82 %

Commuter

Travel To Work

By Car

81.77 %

By Public Transit

8.02 %

By Walking

4.16 %

By Bicycle

2.56 %

By Other Methods

3.49 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

45.44 %

Houses

54.56 %

Own Vs. Rent