$3,340,000
228 MARGARET Avenue
Beds
0
Baths
—
Sqft
—
Year
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Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
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:65958)
- Subtype
- Multi-family
- Community
- 114 - Uptown Waterloo/North Ward
- Common interest
- Freehold
- Living area
- 9,701 square feet
- Parking
- 13 total
- Stories
- 2
- On market
- Jan 30, 2026
- Status changed
- Apr 18, 2026
- Annual tax
- $13,856
- Zoning
- C1
- Photos
- 9
- MLS#
- 40801493
- Area
- KITCHENER
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Lot
Cash on cash
-11.34%
Cap rate
3.62%
GRM
16.7
Break-even rent
$23,346
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kitchener. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 18, 2026.