5
112 Margaret Avenue
$2,250,000 Sale
Listed 10 days ago
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Key Facts
Key facts for 112 Margaret Avenue
Property Type
Commercial
Parking
None
MLS #
X12334308
Size
-
Basement
-
Listed on
2025-08-07
Lot size
50 x 0.0
Tax
$24,372 /yr
Days on Market
12
Approximate Age
-
Maintenance Fee
-
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 $110,733, representing a 5% 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.
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Courtesy of: REAL BROKER ONTARIO LTD.