131 Margaret Ave

Description

Value Add Opportunity! 6 units in the heart of Wallaceburg. 131 Margaret Ave is situated across from the Sydenham River with river views from 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 (2023), ductless heat/AC in renovated units (2023), new kitchens with stainless steel appliances (2023), new bathrooms (2023), LVP flooring (2023) and extensive brickwork (2023). 7 hydro panels and meters allow for tenants to pay for their own hydro separately. 3 units are in need of a renovation (2 vacant, 1 tenanted). Priced to sell!

This multiplex home located at 131 Margaret Ave, Chatham-Kent is currently for Sale and has been available on Wedu.ca for 35 days. This property is listed at CA$680K. It has 6 beds, 6 bathrooms, and is 2500-3000 square feet. The property is 100+ years old. 131 Margaret Ave is in Chatham-Kent neighborhood Wallaceburg.