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Ontario
Kitchener
228 MARGARET Avenue

$3,340,000

228 MARGARET Avenue, Kitchener, Ontario, N2H 4J5

MLS® # 40801493

Kitchener ON, N2H 4J5

MLS® # 40801493

Property Information:

Mixed-use investment property at 228 Margaret Avenue, with adjacent 236 Margaret Avenue included in the sale. Total of 15 units: 1 commercial unit (convenience store) and 14 residential apartments (10 one-bedrooms, 3 two-bedrooms, 1 three-bedroom). Highly visible, transit-accessible location close to schools, shopping, and public transit. Strong rental demand with opportunity to improve income performance through hands-on management and capital upgrades. (id:27)

Building Features:

Style: Multiplex
Basement Development: Partially finished
Basement Type: Full
Exterior Finish: Brick
Floor Space: 9701 sqft
Heating Type: Baseboard heaters
Cooling Type: None
Appliances: Water softener

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Amenities Nearby: Hospital, Park, Public Transit, Schools, Shopping
Features: Laundry- Coin operated
Floor Space (approx): 9701 Square Feet
Lot Frontage: 62 Feet
Zoning: C1
Sewer: Municipal sewage system
Parking Type: Open
No. of Parking Spaces: 13

Courtesy of: Real Broker Ontario Ltd.

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⚠ Potential Investment Performance

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Market Price Trends

Location of 228 MARGARET Avenue, Kitchener, Ontario, N2H 4J5

Lifestyle
Neighbourhood

Demographic Information of 228 MARGARET Avenue, Kitchener, Ontario, N2H 4J5

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$112,038.33

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.04 %

High school certificate or equivalent

28.98 %

Apprenticeship trade certificate/diploma

5.51 %

College/non-university certificate

21.33 %

University certificate (below bachelor)

1.32 %

University Degree

26.83 %

Commuter

Travel To Work

By Car

85.34 %

By Public Transit

5.12 %

By Walking

4.4 %

By Bicycle

0.09 %

By Other Methods

5.05 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

38.68 %

Houses

61.32 %

Own Vs. Rent