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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Listed by Ilan Friedner • Real Broker Ontario Ltd.
$2,095,000
Est. payment /mo
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8,900 SqFt
Active

112 Margaret Avenue Kitchener, ON N2H 4H6

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Mico Radulovic

Mico Radulovic

+1(519) 722-3434

UPDATED:

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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Mico Radulovic

Mico Radulovic

Real Estate Broker

+1(519) 722-3434

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