228 MARGARET Avenue
Kitchener, Ontario
Multi-family
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.
Price History
Schools
Elementary
- Margaret Avenue Public School0.5 km
Public · Waterloo Region DSB · 310 students
- St Teresa Catholic Elementary School0.7 km
Catholic · Waterloo CDSB · 355 students
Grade 3 reading: 72% met the provincial standard · Grade 6 math: 45% met the provincial standard
- Prueter Public School0.7 km
Public · Waterloo Region DSB · 215 students
Grade 3 reading: 58% met the provincial standard · Grade 6 math: 17% met the provincial standard
Secondary
- Kitchener Waterloo Collegiate and Vocational School1.5 km
Public · Waterloo Region DSB · 1650 students
Grade 10 literacy: 88% met the provincial standard
- Bluevale Collegiate Institute1.5 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
- Cameron Heights Collegiate Institute2.2 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2H
- Population
- 22,456
- Private dwellings
- 11,453
- Median age
- 38.4
- Average household size
- 2.1
- Median household income
- $73,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,927
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,927 recorded sales of multi-family properties in Kitchener over the last 12 months.
Location
Street View
Mortgage Calculator
$668,000
Estimated Monthly Payment
$16,408
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $16,408/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $835/mo
Estimates only. Consult a financial advisor.
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