112 MARGARET Avenue, Kitchener, Ontario, N2H4H6
MLS: 40801492 | Multi-family
$2,095,000
Property Description
$1.3m of assumable CMHC debt @ 2.7% available. 2nd Mortgage top up options available. 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: 7.0 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®.
Detailed Features
Interior & Systems
- Cooling: None
- Basement: Partially finished, Full
- Appliances: Water softener
Exterior & Construction
- Exterior: Brick
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Frontage: 50 ft (15.2 m)
- Features: Laundry- Coin operated
- Zoning: R2
Community & Neighbourhood
- Subdivision: 114 - Uptown Waterloo/North Ward
Listing Information
Listing History
MLS listing activity for 112 MARGARET Avenue, Kitchener, Ontario, N2H4H6 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
Nearby Homes ?Nearby Homes — Search CriteriaSearch Radius1 kmPrice Range±30%Match BedroomsNoMatch BathroomsNo
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112 MARGARET Avenue, Kitchener, Ontario, N2H4H6