218 MARGARET Avenue
Kitchener, Ontario
4 bed • 3 bath • Multi-family
MAIN FLOOR 2 BEDROOM UNIT VACANT THIS MAY. 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. 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.
Price History
Schools
Elementary
- Margaret Avenue Public School0.4 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 Institute2.1 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
- 1,924
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,924 recorded sales of multi-family properties in Kitchener over the last 12 months.
Location
Mortgage Calculator
$170,000
Estimated Monthly Payment
$4,176
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,176/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $213/mo
Estimates only. Consult a financial advisor.
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