100 & 104 Margaret Avenue Home For Sale Kitchener, Ontario N2H 4H6
40672421
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$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:34792)
Property Details
| MLS® Number | 40672421 |
| Property Type | Multi-family |
| Amenities Near By | Public Transit, Schools |
| Features | Laundry- Coin Operated |
| Parking Space Total | 13 |
Building
| Bathroom Total | 21 |
| Bedrooms Total | 34 |
| Appliances | Microwave Built-in |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Stories Total | 4 |
| Size Interior | 14000 Sqft |
| Utility Water | Municipal Water |
Parking
| Attached Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Schools |
| Sewer | Septic System |
| Size Frontage | 99 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Res-5 |
https://www.realtor.ca/real-estate/27607185/100-104-margaret-avenue-kitchener
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November 01 2024 07:36:38
Kitchener-Waterloo Association of REALTORS®
Royal LePage Wolle Realty
