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. (id:58549)
| MLS® Number | X12334308 |
| Property Type | Multi-family |
| Appliances | Water Heater |
| Heating Type | Radiant Heat |
| Size Interior | 8900 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Frontage | 49 Ft ,6 In |
| Size Irregular | 49.5 Ft |
| Size Total Text | 49.5 Ft |
| Zoning Description | R2 |
https://www.realtor.ca/real-estate/28711363/112-margaret-avenue-kitchener
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