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:43503)
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
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
November 01 2024 07:36:38
Kitchener-Waterloo Association of REALTORS®
Royal LePage Wolle Realty