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:53015)
MLS® Number | 40560100 |
Property Type | Multi-family |
Amenities Near By | Hospital, Schools, Shopping |
Parking Space Total | 4 |
Bathroom Total | 6 |
Bedrooms Total | 6 |
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 |
Size Interior | 2800 |
Utility Water | Municipal Water |
Acreage | No |
Land Amenities | Hospital, Schools, Shopping |
Sewer | Municipal Sewage System |
Size Depth | 108 Ft |
Size Frontage | 70 Ft |
Size Total Text | Under 1/2 Acre |
Zoning Description | R4 |
https://www.realtor.ca/real-estate/26665457/131-margaret-avenue-wallaceburg
Contact us for more information
Paula Mcfarlane
Salesperson
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