8,900 ft2
Radiant Heat
$2,250,000
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:50976)
Property Details
|
MLS® Number
|
X12334308 |
|
Property Type
|
Multi-family |
Building
|
Appliances
|
Water Heater |
|
Heating Type
|
Radiant Heat |
|
Size Interior
|
8,900 Ft2 |
|
Type
|
Multi-family |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Size Frontage
|
49 Ft ,6 In |
|
Size Irregular
|
49.5 Ft |
|
Size Total Text
|
49.5 Ft |
|
Zoning Description
|
R2 |
https://www.realtor.ca/real-estate/28711363/112-margaret-avenue-kitchener
