112 Margaret Avenue Active Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2H 4H6
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 $252
MLS Listing ID 40758520
Abv Grd Liv Area 8,900
Annual Tax Amount $22,081
Property Sub-Type Multi Family
Source Cornerstone
Property 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.
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,Hot Water Tank Owned
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
Virtual Tour https://youtu.be/xeAyMXctLnw