218 Margaret Avenue, Kitchener, Ontario N2H 4J2

Listed for:
$875,000
4 beds
3 baths
Listed 5 days ago
Triplex for rent: 218 Margaret Avenue, Kitchener, Ontario N2H 4J2

View all 49 photos

About

MARGARET AVE AND BLUCHER STREET 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:27476)

Property Highlights

MLS® Number
40803964
Type
Multi-family
Ownership Type
Freehold
Land Size
under 1/2 acre
Parking Space Total
6

Building

Building Type
Triplex
Storeys
2.50
Square Footage
1868 sqft
Bathrooms Total
3
Bedrooms Total
4
Amenities
Public Transit, Schools
Exterior Finish
Brick
Fireplace Present
No
Basement Type
Full (Partially finished)
Basement Features
Building Heating Type
Other
Heating Fuel
Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location

Learn more about this property
Listing provided by:
Royal LePage Wolle Realty
MLS® number:
40803964
Agent:
Kyle Church
*Indicates required field
Name is required
Email is required
Please enter a valid phone number (e.g., 416-111-1111).