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:47423)
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Detailed Information
Bedrooms
6
Bathrooms
6
Lot
70 x 108 ft
Amenities Nearby
Hospital, Schools, Shopping
Listing Contract Date
2024-03-25
Location Description
On Margaret between Main and Napier
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R4
Building
Basement Development
Unfinished
Basement Type
Partial (Unfinished)
Cooling Type
Ductless
Exterior Finish
Brick, Vinyl siding
Heating Fuel
Electric
Heating Type
Heat Pump
Stories Total
2
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Amenities
Hospital, Schools, Shopping
Sewer
Municipal sewage system
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