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:50976)
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
