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:4069)
| Address |
100 & 104 MARGARET Avenue |
| List Price |
$5,000,000 |
| Property Type |
Multi-family |
| Area |
Ontario |
| Sub-Area |
Kitchener |
| Bedrooms |
34 |
| Bathrooms |
21 |
| Floor Area |
14,000 Sq. Ft. |
| MLS® Number |
40672421 |
| Listing Brokerage |
Royal LePage Wolle Realty
|
| Basement Area |
Full (Partially finished) |
| Postal Code |
N2H4H6 |
| Zoning |
RES-5 |
| Site Influences |
Public Transit, Schools |
| Features |
Laundry- Coin operated |
