Overview
- Updated On:
- August 8, 2025
- 8,900 ft2
Description
Charming 12-unit brownstone in Kitchener’s sought-after Mount Hope neighbourhood, 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.
Address: 112 Margaret Avenue, Kitchener ON N2H 4H6
City: Kitchener
State/County: Waterloo
Zip: N2H 4H6
Country: CA
Open In Google Maps Property Id : 3040386
Price: $ 2,250,000
Property Size: 8,900 ft2
Other Features
Built-In Appliances
Has Heating System
Hot Water Tank Owned
Open Parking
Separate Heating Controls
Water Softener
$ 8,723.70
per month- Principal and Interest
- Property Tax
- HOA fee
$ 8,723.70
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