Value Add Opportunity! 6 units in the heart of Wallaceburg. 131 Margaret Ave is situated across from the Sydenham River with river views from 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 (2023), ductless heat/AC in renovated units (2023), new kitchens with stainless steel appliances (2023), new bathrooms (2023), LVP flooring (2023) and extensive brickwork (2023). 7 hydro panels and meters allow for tenants to pay for their own hydro separately. 3 units are in need of a renovation (2 vacant, 1 tenanted). Priced to sell! (id:47421)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Bedrooms
6
Bathrooms
6
Lot
70 x 108 ft
Features
Lane
Listing Contract Date
2024-09-04
Location Description
Between Main St and Napier St
# of Parking Spaces
4
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
R4
Building
Appliances
Water Heater, Refrigerator, Stove
Basement Type
Partial
Cooling Type
Wall unit
Exterior Finish
Brick
Heating Type
Other
Stories Total
2
Type
Other
Utility Water
Municipal water
Land
Total Size
70 x 108 FT
Sewer
Sanitary sewer
Size of Irregular Land
70 x 108 FT
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