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Royal LePage
Royal LePage
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$3,350,000

Kitchener ON, N2H 4J5

MLS® # 40758565

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.

Inclusions: Hot Water Tank Owned,Residential Unit Appliances (Fridges, Stoves), Existing Light Fixtures, Window Coverings, Smoke/Co Detectors, And Fire Safety Equipment.

Exclusions : All Tenant-Owned Property Within Residential Or Commercial Units, Any Leased Equipment, And All Property Belonging To Commercial Tenants’ Businesses.

Building Features:

  • Floor Space: 9701 Square Feet

Property Features:

  • Bedrooms: 0
  • Acres Range: < 0.5
  • Basement: Full, Partially Finished
  • Construction Materials: Brick
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open
  • Floor Space (approx): 9701 Square Feet
  • Heating: Baseboard
  • Interior Features: Built-In Appliances, Separate Heating Controls
  • Laundry Features: Coin Operated, Common Area
  • Lot Features: Hospital, Park, Public Transit, Schools, Shopping Nearby
  • Lot Frontage: 62.25 Feet
  • Roof: Flat
  • Water Source: Municipal
  • Zoning: C1
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 13

Courtesy of: Real Broker Ontario Ltd.

This listing content provided by Brokers PlaybookTM

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⚠ Potential Investment Performance

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Location of 228 Margaret Avenue, Kitchener, ON, N2H 4J5

Demographic Information of 228 Margaret Avenue, Kitchener, ON, 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

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