ON > Kitchener
Kitchener, ON N2H 4H6,112 Margaret AVE
Kitchener, ON N2H 4H6,112 Margaret AVE
Kitchener, ON N2H 4H6,112 Margaret AVE
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$2,250,000
Est. payment /mo
8,900 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 8,900 sqft

Price per Sqft $252

MLS Listing ID X12334308

Annual Tax Amount $24,372

Tax Year 2024

Property Sub-Type Investment

Lot Front 49.5

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 $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 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

Utilities Available Yes

Lot Frontage 49.5

Others

Virtual Tour https://youtu.be/xeAyMXctLnw

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Listed by REAL BROKER ONTARIO LTD.

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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