228 Margaret Avenue, Kitchener, ON, N2H 4J5

$3,350,000

MLS® # 40758565

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

$3,350,000

Property Information:

Mixed-use investment property at 228 Margaret Avenue, with adjacent 236 Margaret Avenue included in the sale. Total of 15 units: 1 commercial unit (convenience store) and 14 residential apartments (10 one-bedrooms, 3 two-bedrooms, 1 three-bedroom). Highly visible, transit-accessible location close to schools, shopping, and public transit. Strong rental demand with opportunity to improve income performance through hands-on management and capital upgrades.

Inclusions: Hot Water Tank Owned,Residential Unit Appliances (Fridges, Stoves), Existing Light Fixtures, Window Coverings, Smoke/Co Detectors, And Fire Safety Equipment.

Exclusions : All Tenant-Owned Property Within Residential Or Commercial Units, Any Leased Equipment, And All Property Belonging To Commercial Tenants’ Businesses.

Building Features:

  • Floor Space: 9701 Square Feet

Property Features:

  • Bedrooms: 0
  • Acres Range: < 0.5
  • Basement: Full, Partially Finished
  • Construction Materials: Brick
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open
  • Floor Space (approx): 9701 Square Feet
  • Heating: Baseboard
  • Interior Features: Built-In Appliances, Separate Heating Controls
  • Laundry Features: Coin Operated, Common Area
  • Lot Features: Hospital, Park, Public Transit, Schools, Shopping Nearby
  • Lot Frontage: 62.25 Feet
  • Roof: Flat
  • Water Source: Municipal
  • Zoning: C1
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 13

Courtesy of: Real Broker Ontario Ltd.

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