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:51013)
| MLS® Number | X8185378 |
| Property Type | Multi-family |
| Community Name | Wallaceburg |
| Parking Space Total | 4 |
| Bathroom Total | 6 |
| Bedrooms Above Ground | 6 |
| Bedrooms Total | 6 |
| Basement Type | Crawl Space |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick, Vinyl Siding |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Other |
| Acreage | No |
| Size Irregular | 70 X 108 Ft |
| Size Total Text | 70 X 108 Ft |
| Level | Type | Length | Width | Dimensions |
|---|
https://www.realtor.ca/real-estate/26686451/131-margaret-ave-chatham-kent-wallaceburg
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