112 MARGARET Avenue, Kitchener, ON N2H4H6
112 MARGARET Avenue, Kitchener, ON N2H4H6
112 MARGARET Avenue, Kitchener, ON N2H4H6
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Paul Shantz

Paul Shantz

+1(519) 829-8656
$2,095,000
Est. payment /mo
8,900 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 8900

Square Footage 8,900 sqft

Price per Sqft $235

Subdivision 114 - Uptown Waterloo/North Ward

MLS® Listing ID 40801492

Property Sub-Type Freehold

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. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Cooling None

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 7

Garage No

Private Pool No

Building

Story 3

Sewer Municipal sewage system

Others

Ownership Freehold

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Paul Shantz
Paul Shantz

Agent | License ID: 6008661

+1(519) 829-8656

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112 MARGARET Avenue

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