131 Margaret Avenue, Wallaceburg, ON, N8A 282

$699,900

MLS® # 40560100

Investment For Sale In Wallaceburg, Ontario

$699,900

Property Information:

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!

Inclusions: Carbon Monoxide Detector,Smoke Detector

Exclusions : Washer, Dryer And Portable Dishwasher In Unit 4 (Belong To Tenant) And Any Tenant Belongings.

Building Features:

  • Floor Space: 2800 Square Feet

Property Features:

  • Bedrooms: 6
  • Acres Range: < 0.5
  • Basement: Partial, Unfinished
  • Construction Materials: Vinyl Siding
  • Cooling: Ductless
  • Driveway Parking: Lane/Alley Parking, Outside/Surface/Open
  • Floor Space (approx): 2800 Square Feet
  • Heating: Electric, Heat Pump
  • Laundry Features: None
  • Lot Depth: 108 Feet
  • Lot Features: Hospital, Schools, Shopping Nearby
  • Lot Frontage: 70.00 Feet
  • Roof: Asphalt Shing
  • Security Features: Carbon Monoxide Detector, Smoke Detector
  • Water Source: Municipal
  • Zoning: R4
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 4

Courtesy of: REAL BROKER ONTARIO LTD

Data provided by: London St. Thomas Association of REALTORS® 342 Commissioners Rd. W., London, Ontario N6J 1Y3
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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