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236 Margaret Avenue Kitchener, Ontario N2H 4J5

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2 Level, Multi-Unit None Radiant Heat

$1,099,900

ATTENTION savvy investors! BACK ON THE MARKET with INCREASED rents and a MUCH LOWERER price! This is a great opportunity to own a purpose built 10-plex in Kitchener! This building has 8 residential and 2 VACANT commercial units to boost your cash flow to well over $1,000 a month NET! There is still lots of room for improvements to increase rents over time which will increase the value of the building. At under a $109,990 per unit, this property will not last long! With being only 3 minutes to the downtown core and VIA Rail station/LRT stops, this area will continue to grow making this a very smart long term investment. Phase 1 completed in 2017. Contact the listing agent today for a detailed financial breakdown. (id:27864)

Property Details

MLS® Number 30780738
Property Type Multi-family
Equipment Type None
Features Paved Driveway, Shared Driveway, Laundry- Coin Operated
Parking Space Total 6
Rental Equipment Type None

Building

Appliances Dryer, Refrigerator, Stove, Stove, Washer
Architectural Style 2 Level, Multi-unit
Basement Development Finished
Basement Type Full (finished)
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick
Fire Protection Unknown
Fireplace Present No
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Radiant Heat
Stories Total 2
Type Multi-family
Utility Water Municipal Water

Parking

No Garage
Shared

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 141 Ft
Size Frontage 61 Ft
Size Total Text Under 1/2 Acre
Zoning Description C1

Utilities

Water Available

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=21384326

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