112 Margaret Avenue Kitchener, Ontario N2H 4H6

8,900 ft2
None

$2,250,000

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:47351)

Property Details

MLS® Number 40758520
Property Type Multi-family
Amenities Near By Park, Schools
Features Laundry- Coin Operated
Parking Space Total 7

Building

Appliances Water Softener
Basement Development Partially Finished
Basement Type Full (partially Finished)
Cooling Type None
Exterior Finish Brick
Stories Total 3
Size Interior 8,900 Ft2
Utility Water Municipal Water

Land

Acreage No
Land Amenities Park, Schools
Sewer Municipal Sewage System
Size Frontage 50 Ft
Size Total Text Under 1/2 Acre
Zoning Description R2

https://www.realtor.ca/real-estate/28706561/112-margaret-avenue-kitchener

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