For Sale

$875,000

218 MARGARET Avenue , Kitchener, Ontario N2H4J2

4 Beds 3 Baths

Remarks

Centrally located close to DTK and Uptown Waterloo, a corner location, all-brick purpose-built triplex offering a well-maintained building with an attractive unit mix of two 2-bedroom suites plus one bachelor unit in the basement. The property also features a detached two-car garage, providing valuable on-site parking or potential for additional income. The building is heated by gas boiler and separately metered hydro for each unit, helping to control operating expenses. Current average rent is $1,264 per month, with an additional $2,640 annual income for parking and garage rentals, this supported by quality tenants, with future rental upside potential. Key updates include: Boiler (2010), Roof (2011), Driveway (2013) and Windows (2015). A solid, turnkey multifamily asset in a convenient central location with strong fundamentals and room for growth. (id:27)

Property Summary

  • Lot Frontage: 54 Feet
  • No. of Parking Spaces: 6
  • Floor Space (approx): 1868 Square Feet
  • Bedrooms: 4
  • Bathrooms (Total): 3
  • Zoning: RES-4

Property Features:

  • Access Type:
    Highway access
  • Amenities Nearby:
    Public Transit , Schools
  • Features:
    Laundry- Coin operated
  • Ownership Type:
    Freehold
  • Parking Type:
    Detached garage
  • Property Type:
    Multi-family
  • Sewer:
    Municipal sewage system

Building Features:

  • Appliances:
    Water softener
  • Basement Development:
    Partially finished
  • Basement Type:
    Full
  • Building Type:
    Triplex
  • Cooling Type:
    None
  • Exterior Finish:
    Brick
  • Heating Fuel:
    Natural gas
  • Heating Type:
    Other
Lifestyle
Neighbourhood Info
Stephen Schaefer

Stephen Schaefer

Sales Representative

Phone:  519.747.2040

Fax:  519.747.2081

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Royal LePage Wolle Realty, Brokerage (Independently owned and operated)

7 - 180 NORTHFIELD DR WEST
WATERLOO,  ON N2L 0C7

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