112 MARGARET AVENUE, Kitchener, Ontario, N2H 4H6

$2,250,000

MLS® # X12334308

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

$2,250,000

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 $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:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 8900 sqft
  • Heating Type: Radiant heat
  • Cooling Type: None
  • Appliances:

Property Features:

  • Property Type: Multi-family
  • Floor Space (approx): 8900 Square Feet
  • Irregular: Yes
  • Lot Frontage: 49.5 Feet
  • Lot Size: 49.5 FT
  • Zoning: R2

Courtesy of: REAL BROKER ONTARIO LTD.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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