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131 Margaret Avenue Chatham-Kent, Ontario

6 Bedroom 6 Bathroom 2800 sqft
Heat Pump

$699,900

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:20872)

Property Details

MLS® Number X8285962
Property Type Business
Community Name Wallaceburg
Amenities Near By Hospital
Parking Space Total 4

Building

Bathroom Total 6
Bedrooms Total 6
Basement Development Unfinished
Basement Type N/a (unfinished)
Exterior Finish Vinyl Siding, Brick
Foundation Type Block
Heating Fuel Electric
Heating Type Heat Pump
Size Interior 2800 Sqft
Utility Water Municipal Water

Land

Acreage No
Land Amenities Hospital
Sewer Sanitary Sewer
Size Depth 108 Ft
Size Frontage 70 Ft
Size Irregular Unit=70 X 108 Ft
Size Total Text Unit=70 X 108 Ft|under 1/2 Acre
Zoning Description R4

https://www.realtor.ca/real-estate/26828042/131-margaret-avenue-chatham-kent-wallaceburg

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