Property Detail

Description

 Price: $ 2,250,000.00 MLS^®: X12334308         Location : 112 Margaret Avenue, Kitchener, ON N2H 4H6

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 Description

Margaret Ave

Property Details

• Property Type: Tenant/Commercial
• Garages: None

Building Features

Features

• Heating: Radiant

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