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112 MARGARET AVENUE, Kitchener, Ontario, N2H 4H6

MLS® # X12742906
Investment For Sale In Mt. Hope Huron Park, Kitchener, Ontario
$2,095,000
112 Margaret Avenue, Kitchener, ON - Outdoor With Exterior
112 Margaret Avenue, Kitchener, ON - Outdoor With Exterior
112 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Other Room
112 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Other Room
112 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Kitchen With Stainless Steel Kitchen
112 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Kitchen
112 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Bathroom
112 Margaret Avenue, Kitchener, ON  - Outdoor With Exterior
112 Margaret Avenue, Kitchener, ON  - Outdoor With Exterior
112 Margaret Avenue, Kitchener, ON  - Indoor Photo Showing Other Room
112 Margaret Avenue, Kitchener, ON  - Indoor Photo Showing Other Room
112 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Kitchen With Stainless Steel Kitchen
112 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Kitchen
112 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Bathroom
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112 MARGARET AVENUE, Kitchener, Ontario, N2H 4H6
$2,095,000

Property Information:

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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 8900 sqft
  • Heating Type: Radiant heat
  • Cooling Type: None
  • Appliances:

Property Features:

  • Property Type: Multi-family
  • Floor Space (approx): 8900 Square Feet
  • Irregular: Yes
  • Lot Frontage: 49.5 Feet
  • Lot Size: 49.5 FT
  • Zoning: R2

Courtesy of: REAL BROKER ONTARIO LTD.

REALTOR.ca  

Location of 112 MARGARET AVENUE, Kitchener, Ontario, N2H 4H6

Demographic Information of 112 MARGARET AVENUE, Kitchener, Ontario, N2H 4H6

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$105,429.05

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.96 %

High school certificate or equivalent

28.12 %

Apprenticeship trade certificate/diploma

6.99 %

College/non-university certificate

18.75 %

University certificate (below bachelor)

1.35 %

University Degree

34.82 %

Commuter

Travel To Work

By Car

81.77 %

By Public Transit

8.02 %

By Walking

4.16 %

By Bicycle

2.56 %

By Other Methods

3.49 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

45.44 %

Houses

54.56 %

Own Vs. Rent