131 Margaret Avenue Wallaceburg, Ontario

6 Bedroom 6 Bathroom 2800
Ductless Heat Pump


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:53488)

Property Details

MLS® Number 40560100
Property Type Multi-family
Amenities Near By Hospital, Schools, Shopping
Parking Space Total 4


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


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



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Paula Mcfarlane

(519) 860-8697
(519) 649-4698

Real Broker Ontario Ltd
1-389 Queens Avenue
London, Ontario N6B 1X5

(888) 311-1172

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Contact Melanie & Shelby Pearce

Sales Representative for Royal Lepage Triland Realty, Brokerage


You can rely on us to be a realtor who will advocate for you and strive to get you what you want. Reach out to us today- We're excited to hear from you!