100 & 104 Margaret Avenue Kitchener, Ontario N2H 4H6
$5,000,000
Discover an exceptional 21-unit multi-family investment opportunity in two elegant brownstone buildings near downtown Kitchener. Nearly all units have been updated with new electrical panels, modern kitchens, baths, and stainless appliances. Each suite is separately metered for tenant-paid electricity, with an efficient gas boiler in each building. Professional property management is in place for a seamless, turnkey investment. Current rents are near market rates, ensuring healthy tenant turnover and solid returns. With a cap rate of approximately 5.6%, this property is ideal for CMHC financing. Contact listing broker for detailed financials. (id:50886)
Property Details
| MLS® Number | 40672421 |
| Property Type | Multi-family |
| AmenitiesNearBy | Public Transit, Schools |
| Features | Laundry- Coin Operated |
| ParkingSpaceTotal | 13 |
Building
| BathroomTotal | 21 |
| BedroomsTotal | 34 |
| Appliances | Microwave Built-in |
| BasementDevelopment | Partially Finished |
| BasementType | Full (partially Finished) |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Other |
| StoriesTotal | 4 |
| SizeInterior | 14000 Sqft |
| UtilityWater | Municipal Water |
Parking
| Attached Garage |
Land
| Acreage | No |
| LandAmenities | Public Transit, Schools |
| Sewer | Septic System |
| SizeFrontage | 99 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Res-5 |
https://www.realtor.ca/real-estate/27607185/100-104-margaret-avenue-kitchener
Interested?
Contact us for more information
Kyle Church
Broker
180 Northfield Drive W., Unit 7a
Waterloo, Ontario N2L 0C7
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November 01 2024 07:36:38
Kitchener-Waterloo Association of REALTORS®
Royal LePage Wolle Realty