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228 MARGARET Avenue, Kitchener, Ontario, N2H 4J5

MLS® # 40801493

new listing

Investment For Sale In Mt. Hope Huron Park, Kitchener, Ontario

$3,340,000

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View of commercial location - 228 Margaret Avenue, Kitchener, ON - Outdoor

View of commercial location - 228 Margaret Avenue, Kitchener, ON - Outdoor

Bird's eye view - 228 Margaret Avenue, Kitchener, ON - Outdoor

Miscellaneous room featuring wall of books - 228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Other Room

View of street - 228 Margaret Avenue, Kitchener, ON - Outdoor With Exterior

Kitchen with stainless steel appliances, white cabinetry, light wood-type flooring, and decorative backsplash - 228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Kitchen

Unfurnished room with a baseboard heating unit, light wood-style flooring, and fire sprinkler in ceiling - 228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Other Room

Full bath with vanity, shower / bath combo with shower curtain, and dark wood-type flooring - 228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Bathroom

Below grade area with electric water heater and independent washer and dryer - 228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Laundry Room

View of commercial location - 228 Margaret Avenue, Kitchener, ON - Outdoor

View of commercial location - 228 Margaret Avenue, Kitchener, ON - Outdoor

Bird's eye view - 228 Margaret Avenue, Kitchener, ON - Outdoor

Miscellaneous room featuring wall of books - 228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Other Room

View of street - 228 Margaret Avenue, Kitchener, ON - Outdoor With Exterior

Kitchen with stainless steel appliances, white cabinetry, light wood-type flooring, and decorative backsplash - 228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Kitchen

Unfurnished room with a baseboard heating unit, light wood-style flooring, and fire sprinkler in ceiling - 228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Other Room

Full bath with vanity, shower / bath combo with shower curtain, and dark wood-type flooring - 228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Bathroom

Below grade area with electric water heater and independent washer and dryer - 228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Laundry Room

Advertising

228 MARGARET Avenue, Kitchener, Ontario, N2H 4J5

$3,340,000

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.

Rating:

Notes:

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

228 MARGARET Avenue, Kitchener, Ontario, N2H 4J5 $3,340,000 MLS® # 40801493