112 Margaret Avenue, Kitchener, ON, N2H 4H6 - investment for sale | Listing ID 40801492

112 MARGARET Avenue, Kitchener, Ontario, N2H 4H6 Map Image

Investment For Sale In Mt. Hope Huron Park, Kitchener, Ontario

$2,095,000

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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