218 Margaret Avenue Kitchener, Ontario N2H 4J2
$875,000
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:42029)
Property Details
| MLS® Number | 40803964 |
| Property Type | Multi-family |
| AmenitiesNearBy | Public Transit, Schools |
| Features | Laundry- Coin Operated |
| ParkingSpaceTotal | 6 |
Building
| BathroomTotal | 3 |
| BedroomsTotal | 4 |
| Appliances | Water Softener |
| BasementDevelopment | Partially Finished |
| BasementType | Full (partially Finished) |
| CoolingType | None |
| ExteriorFinish | Brick |
| HeatingFuel | Natural Gas |
| HeatingType | Other |
| StoriesTotal | 3 |
| SizeInterior | 1868 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| Detached Garage |
Land
| AccessType | Highway Access |
| Acreage | No |
| LandAmenities | Public Transit, Schools |
| Sewer | Municipal Sewage System |
| SizeFrontage | 54 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Res-4 |
https://www.realtor.ca/real-estate/29343725/218-margaret-avenue-kitchener
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Kyle Church
Broker
180 Northfield Drive W., Unit 7a
Waterloo, Ontario N2L 0C7
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February 10 2026 02:48:50
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