112 Margaret Ave, Kitchener, ON N2H 4H6, Canada
112 Margaret Ave, Kitchener, ON N2H 4H6, Canada
$2,095,000
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Location Details
- City: Kitchener
- Province: Ontario
Property Details
- FrontageLength: 49 ft ,6 in
Property Features
- Heating: Radiant heat
- CoolingYN: True
- Cooling: None
- OpenParkingYN: False
- GarageYN: False
- AttachedGarageYN: False
- CarportYN: False
- FireplacesTotal: 0
- PoolYN: False
- ViewYN: False
- WaterfrontYN: False
Basics
- Date added: Added 3 days ago
- Category: Multi-family
- Type: Multi-family
- Area: 8900 sq ft
- Lot size: 0 sq ft
- ListOfficeName: REAL BROKER ONTARIO LTD.
- MLS ID: X12742906
Courtesy of
- OfficeName: REAL BROKER ONTARIO LTD.
- ListAOR: Toronto Regional Real Estate Board
Description
-
Description:
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:59398)
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Location
Building Details
- Heating: Radiant heat
Amenities & Features
- Waterfront available: No
- OpenParkingYN: No
- AttachedGarageYN: No
- GarageYN: No
- CarportYN: No
- PoolYN: No
- CoolingYN: Yes
- Cooling: None
- Total Fireplaces: 0