112 MARGARET Avenue|Kitchener, Ontario N2H4H6
Property Details
Multi-family
Description
MLS Number: 40758520
Property Details: • Type: Multi-family • Ownership Type: Freehold • Bedrooms: N/A • Bathrooms: 0 • Building Type: N/A • Building Size: N/A sqft • Building Storeys: N/A • Building Amenities: N/A • Floor Area: N/A • Land Size: N/A • Land Frontage: N/A • Parking Type: N/A • Parking Spaces: N/A
Description: 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. (69465081)
Agent Information: • Agents: Jeff Margolis; Ilan Friedner; Elton Ilir Demirxhiu • Contact: 416-670-5998; 905-519-4847; 647-609-4876 • Brokerage: Real Broker Ontario Ltd.; Real Broker Ontario Ltd.; Real Broker Ontario Ltd. • Website: https://onereal.ca/; https://onereal.ca/; https://onereal.ca/
Time on Realtor: 2 days ago
Location
Address
112 MARGARET Avenue|Kitchener, Ontario N2H4H6
City
Kitchener
Features and Finishes
None
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