131 Margaret Avenue Wallaceburg, Ontario
6 Bedroom
6 Bathroom
2800
Ductless
Heat Pump
$729,900
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:51013)
Property Details
| MLS® Number | 40560100 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Schools, Shopping |
| Parking Space Total | 4 |
Building
| 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 |
Land
| 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
Contact us for more information
Paula Mcfarlane
Salesperson
(519) 649-4698
Real Broker Ontario Ltd
4145 North Service Road 2nd Floor # M
Burlington, Ontario L7L 6A3
4145 North Service Road 2nd Floor # M
Burlington, Ontario L7L 6A3
(888) 311-1172
www.joinreal.com/
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March 25 2024 11:10:53
London and St. Thomas Association of REALTORS®
Real Broker Ontario Ltd
