218 Margaret Ave, Kitchener, ON N2H 5V6, Canada
218 Margaret Ave, Kitchener, ON N2H 5V6, CanadaBasics
- Date added: Added 5 days ago
- Category: Residential Income
- Type: Multi-3 Unit
- Status: Active
- Bedrooms: 4
- Bathrooms: 3
- Area: 1868 sq ft
- County Or Parish: Waterloo
- MLS ID: 40803964
Description
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Description:
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.
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Location
- Parking Total: 6
- Directions: MARGARET AVE AND BLUCHER STREET
Building Details
- Number Of Units Total: 3
- Building Area Total: 1868 sq ft
- Number Of Buildings: 0
- Parking Features: Detached Garage
- Security Features: Carbon Monoxide Detector, Smoke Detector
- Covered Spaces: 2
- Construction Materials: Brick
- Garage Spaces: 2
- Roof: Asphalt Shing
Amenities & Features
- Water Source: Municipal
- Appliances: Water Softener
- Sewer: Sewer (Municipal)
- Cooling: None
- Interior Features: Separate Hydro Meters
- Heating: Natural Gas, Other