218 MARGARET Avenue, Kitchener, Ontario, N2H4J2

Property 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. (id:64974)

Quick Facts

• Property Type: Triplex (Freehold)
• Bedrooms: 4
• Bathrooms: 3
• Living Area: 1,868 sq ft (173.5 m²)
• Above Grade: 1,868 sq ft (173.5 m²)
• Ownership: Freehold
• Attached: Yes
• Parking: 6 spaces (Detached Garage)
• Frontage: 54 ft (16.5 m)

Costs

• Annual Taxes: $5,440.20

Listing Provided by: Royal LePage Wolle Realty
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.