112 MARGARET Avenue, Kitchener, Ontario, N2H4H6

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 $121,154.00, representing a 5.78% 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:64974)

Quick Facts

• Property Type: Multi-family
• Bedrooms: 0
• Bathrooms: 0
• Living Area: 8,900 sq ft (826.8 m²)
• Above Grade: 8,900 sq ft (826.8 m²)
• Ownership: Freehold
• Parking: 7 spaces (Open)
• Frontage: 50 ft (15.2 m)

Costs

• Annual Taxes: $26,076.00

Listing Provided by: Real Broker Ontario Ltd.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.