112 Margaret Avenue, Kitchener, ON, N2H 4H6

$2,250,000

MLS® # 40758520

Investment For Sale In Mt. Hope Huron Park, Kitchener, Ontario

$2,250,000

Property Information:

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.

Inclusions: Hot Water Tank Owned,All Existing Fridges, Stoves, Light Fixtures, And Any Owned Hot Water Heaters/Mechanical Equipment, All In As-Is Condition.

Exclusions : All Tenant-Owned Appliances, Window Coverings, And Personal Belongings; Any Items Belonging To Property Management Or Contractors.

Building Features:

  • Floor Space: 8900 Square Feet

Property Features:

  • Bedrooms: 0
  • Acres Range: < 0.5
  • Basement: Full, Partially Finished
  • Construction Materials: Brick
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open
  • Floor Space (approx): 8900 Square Feet
  • Heating: Radiator
  • Interior Features: Built-In Appliances, Separate Heating Controls
  • Laundry Features: Coin Operated, Common Area
  • Lot Features: City Lot, Park, Schools
  • Lot Frontage: 49.50 Feet
  • Roof: Rolled/Hot Mop
  • Water Source: Municipal
  • Zoning: R2
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 7

Courtesy of: Real Broker Ontario Ltd.

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Additional Photos