112 Margaret AVE, Kitchener, ON N2H 4H6
112 Margaret AVE, Kitchener, ON N2H 4H6
112 Margaret AVE, Kitchener, ON N2H 4H6
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Paul Shantz

Paul Shantz

+1(519) 829-8656
$2,095,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

MLS Listing ID X12742906

Annual Tax Amount $26,076

Tax Year 2025

Property Sub-Type Investment

Property Description

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 Waterloo

Zoning R2

Interior

Cooling No

Inclusions All existing fridges, stoves, light fixtures, and any owned hot water heaters/mechanical equipment, all in as-is condition.

Exterior

Parking Features None

Utilities Available Yes

Building

Building Age 51-99

Lot Description Lot

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Lited by REAL BROKER ONTARIO LTD.

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Paul Shantz
Paul Shantz

Agent | License ID: 6008661

+1(519) 829-8656

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112 Margaret AVE

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