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.
Real Broker Ontario Ltd.
$2,250,000
112 Margaret Avenue, Kitchener, Ontario
0 Bedrooms
8900 Sqft
Utilities
Heating: Radiator
Parking
Parking Spaces: 7
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Property Sale History
Travel and Neighbourhood
91/100Walk Score®
Walker's Paradise
Location
