112 Margaret Avenue, Kitchener, ON N2H 4H6

Kitchener N2H 4H6 Ontario

MLS: X12334308

$2,250,000

Added 19 days ago | For Sale

Listed by: REAL BROKER ONTARIO LTD.

About Property

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 $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.

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 49.5 X 0
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Margaret Ave
  • Basement: ,
  • Possession Date:
  • Annual Property taxes: $24372
  • Bedrooms:
  • Total Parking Spaces:
  • Parking Places:
  • Heating Type:Radiant
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12334308

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