131 Margaret Ave, Chatham Kent
131 Margaret Ave, Chatham Kent
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40 Photos
- Bedrooms: 6
- Bathrooms: 6
- Living area: 2800 square feet
- MLS®: x8285962
- Type: Commercial
- Added: 5 days ago
Property Details
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:1945)
Property Information
- Sewer: Sanitary sewer
- Heating: Heat Pump, Electric
- List AOR: Toronto
- Tax Year: 2024
- Living Area: 2800
- Photos Count: 40
- Water Source: Municipal water
- Parking Total: 4
- Tax Annual Amount: 2101.83
- Exterior Features: Brick, Vinyl siding
- Lot Size Dimensions: 70 x 108 FT
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