Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

112 Margaret Avenue, Kitchener, ON N2H 4H6 (Margaret Ave)
$ 2095000 - MLS : X12742906

From Our Gallery

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 Description

Margaret Ave

Property Detail

Community:
Property Type: Tenant/Commercial
Garages: None
Annual Property Taxes : $ 24372

Lot dimensions: sqft
Baths:

Facts and Features

Parking Type : None

Amenities

Heating : Radiant

Listing Contracted With: REAL BROKER ONTARIO LTD.

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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