112 Margaret Avenue, Kitchener, ON N2H 4H6
112 Margaret Avenue, Kitchener, ON N2H 4H6
112 Margaret Avenue, Kitchener, ON N2H 4H6
112 Margaret Avenue, Kitchener, ON N2H 4H6
112 Margaret Avenue, Kitchener, ON N2H 4H6
112 Margaret Avenue, Kitchener, ON N2H 4H6
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Janelle LeBlanc

Janelle LeBlanc

+1(905) 320-4069
Listed by Ilan Friedner • Real Broker Ontario Ltd.
$ 2,095,000
Est. payment | /mo

8,900 SqFt

Save
$ 2,095,000
Est. payment | /mo
Save

8,900 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,900 sqft

Price per Sqft $235

MLS Listing ID 40801492

Abv Grd Liv Area 8,900

Annual Tax Amount $26,076

Property Sub-Type Multi Family

Source Cornerstone

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.

Location

Province ON

County Waterloo

Area 1 - Waterloo East

Zoning R2

Direction Victoria St N & Margaret Ave

Rooms

Basement Full, Partially Finished

Kitchen 0

Interior

Interior Features Built-In Appliances, Separate Heating Controls

Heating Radiator

Cooling None

Fireplace No

Appliance Water Softener

Laundry Coin Operated, Common Area

Exterior

Roof Type Rolled/Hot Mop

Lot Frontage 49.5

Garage No

Building

Lot Description City Lot, Park, Schools

Faces Victoria St N & Margaret Ave

Story 3

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 223210009

Ownership Freehold/None

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Janelle LeBlanc

+1(905) 320-4069

janelle@jlbco.ca

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112 Margaret Avenue