Description
Charming 12-unit brownstone in Kitcheners sought-after Mount Hope neighborhood, 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.
Location Description
Margaret Ave
Property Details
- Community:
- Property Type: Tenant/Commercial
- Garages: None
- Annual Property Taxes : $ 24372
Building Features
- Parking Type : None
Features
- Heating : Radiant
Listing Contracted With: REAL BROKER ONTARIO LTD.
