Value Add Opportunity! 6 units in the heart of Wallaceburg. 131 Margaret Ave is situated across from the Sydenham River with river views from the upper units. 3 units have been recently renovated from top to bottom allowing you to receive market rents while you renovate others. There is significant upside to be had! A lot of expensive updates have been done already including a brand new roof and sheeting, ductless heat/AC in renovated units, new kitchens with stainless steel appliances, new bathrooms, LVP flooring and extensive brick work. 7 panels and meters allow for tenants to pay for their own hydro separately. 3 units are in need of a renovation (1 vacant, 2 tenanted). Gas expenses can be reduced or eliminated with adding ductless heat/AC to unrenovated units. Priced to sell! (id:4069)
| Address |
131 MARGARET Avenue |
| List Price |
$699,900 |
| Property Type |
Multi-family |
| Area |
Ontario |
| Sub-Area |
Wallaceburg |
| Bedrooms |
6 |
| Bathrooms |
6 |
| Floor Area |
2,800 Sq. Ft. |
| MLS® Number |
40560100 |
| Listing Brokerage |
REAL BROKER ONTARIO LTD
|
| Basement Area |
Partial (Unfinished) |
| Zoning |
R4 |
| Site Influences |
Hospital, Schools, Shopping |
