112 Margaret Avenue, Kitchener, Ontario N2H 4H6

Listed for:
$2,250,000
0 beds
0 baths
Listed 19 days ago
112 Margaret Avenue, Kitchener, Ontario N2H 4H6

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Learn more about this property
Listing provided by:
Real Broker Ontario Ltd.
MLS® number:
40758520
Agent:
Jeff Margolis
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About

Victoria St N & Margaret Ave Charming 12-unit brownstone in Kitchener’s sought-after Mount Hope neighbourhood, 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 $110,733, representing a 5% 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:27476)

Property Highlights

MLS® Number
40758520
Type
Multi-family
Ownership Type
Freehold
Land Size
under 1/2 acre
Parking Space Total
7

Building

Storeys
3.00
Square Footage
8900 sqft
Amenities
Park, Schools
Exterior Finish
Brick
Fireplace Present
No
Basement Type
Full (Partially finished)
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location