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$ 2,250,000
Est. payment /mo
Active
112 Margaret AVE Kitchener, ON N2H 4H6
8,900 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 8,900 sqft
Price per Sqft $252
MLS Listing ID X12334308
Annual Tax Amount $24,372
Tax Year 2024
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Waterloo
Area Waterloo
Zoning R2
Interior
Cooling No
Inclusions All existing fridges, stoves, light fixtures, and any owned hot water heaters/mechanical equipment, all in as-is condition.
Exterior
Parking Features None
Utilities Available Yes
Building
Lot Description Lot
Others
Virtual Tour https://youtu.be/xeAyMXctLnw
Lited by REAL BROKER ONTARIO LTD.
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