About 100 & 104 Margaret Avenue
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:36535)
Features of 100 & 104 Margaret Avenue
| Listing # | 40672421 |
|---|---|
| Price | $5,000,000 |
| Bedrooms | 34 |
| Bathrooms | 21.00 |
| Square Footage | 14,000 |
| Acres | 0.00 |
| Type | Multi-family |
| Sub-Type | Freehold |
Community Information
| Address | 100 & 104 Margaret Avenue |
|---|---|
| Subdivision | 114 - Uptown Waterloo/North Ward |
| City | Kitchener |
| Province | Ontario |
| Postal Code | N2H4H6 |
Amenities
| Amenities | Public Transit, Schools |
|---|---|
| Features | Laundry- Coin operated |
| Parking Spaces | 13 |
| Parking | Attached Garage |
| # of Garages | 1 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Microwave Built-in |
|---|---|
| Heating | Natural gas Other |
| Cooling | Central air conditioning |
| Fireplace | No |
| # of Stories | 4 |
| Has Basement | Yes |
Exterior
| Exterior | Brick |
|---|---|
| Foundation | Poured Concrete |
Listing Details
| Office | Courtesy Of KYLE CHURCH Of Royal LePage Wolle Realty |
|---|
