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$ 2,250,000
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112 MARGARET Avenue Kitchener, ON N2H4H6
8,900 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 8,900 sqft
Price per Sqft $252
Subdivision 114 - Uptown Waterloo/North Ward
MLS® Listing ID 40758520
Property Sub-Type Freehold
Source Cornerstone - Hamilton-Burlington
Property Description
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Cooling None
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 7
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Real Broker Ontario Ltd.
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