Courtesy of: Jeff Margolis, Salesperson, Real Broker Ontario Ltd.
Courtesy of: Jeff Margolis, Salesperson, Real Broker Ontario Ltd.
$2,250,000
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8,900 square feet
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Multi-family
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$2,250,000
112 MARGARET Avenue 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:203)