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Brownstone on Margaret 112 Margaret Ave 12 Unit Apartment Building $2,095,000 CAD ($174,583 CAD/Unit) 5.59% Cap Rate Kitchener, ON N2H 4H6
Executive Summary
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 $121,154.00, representing a 5.78% 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.
Property Facts
| Price | $2,095,000 CAD | Building Class | C |
| Price Per Unit | $174,583 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 8,900 SF |
| Cap Rate | 5.59% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1942 |
| Property Subtype | Apartment | Parking Ratio | 1.82/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RES-5 - Residential | ||
| Price | $2,095,000 CAD |
| Price Per Unit | $174,583 CAD |
| Sale Type | Investment |
| Cap Rate | 5.59% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 8,900 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1942 |
| Parking Ratio | 1.82/1,000 SF |
| Zoning | RES-5 - Residential |
Amenities
Unit Amenities
- Cable Ready
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
Site Amenities
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | 350 |
| 1+1 | 5 | - | 500 |
| 2+1 | 2 | - | 620 |
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Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
60/100
Moderately bikeable
70/100
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
Map
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Brownstone on Margaret | 112 Margaret Ave
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