112 Margaret Ave - Apartments FOR SALE


Kitchener, ON N2H 4H6- Kitchener North-West
$2,095,000 CAD
647-609-4876
112 Margaret Ave, Kitchener, ON for Sale
$2,095,000 CAD
Apartments - FOR SALE
1/1
null | 5.59% Cap Rate

112 Margaret Ave
Kitchener, ON N2H 4H6
Kitchener North-West


HIGHLIGHTS

  • Charming 12-unit brownstone apartment building in Kitchener's Mount Hope neighbourhood.
  • Extensively updated property featuring modernized one-bedroom residences.
  • Steps from the ION LRT, Kitchener GO Station, and downtown amenities.
  • Renovated suites include modern kitchens and stainless-steel appliances.
  • On-site laundry facilities enhance tenant convenience.
  • Located near hospitals, parks, employment centres, and educational institutions.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,095,000 CAD

PRICE/SF

$235 CAD /SF

# OF UNITS

12

PRICE/UNIT

$174,583

CAP RATE

5.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brownstone on Margaret

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1942

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,857 SF

ZONING

RES-5

APN/PARCEL ID

301201000806800

ASK ABOUT THIS PROPERTY

Elton DemirxhiuReal Broker Ontario LtdMore Info
647-609-4876

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Elton DemirxhiuReal Broker Ontario LtdMore Info
647-609-4876

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.