228 Margaret Avenue
Kitchener
N2H 4J5
$3,340,000
Residential Income
beds: 0
baths: 0.0
9,701 sq. ft.
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- 40801493
- Photos (9)
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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.
- Property Type:
- Residential Income
- Property SubType:
- Multi Family
- Listing General Location:
- 114 - Uptown Waterloo/North Ward, 1 - Waterloo East
- Bedrooms:
- 0
- Bathrooms:
- 0.0 (Full:-/Half:-)
- Lot Details:
- 62.25 x
- Lot Frontage:
- 62'3"
- Kitchens:
- 0
- County Or Parish:
- Waterloo
- Taxes:
- Signup
- Features:
- Crops Included: No, Garage: No, New Construction: No
- Construction:
- Brick
- Basement:
- Full, Partially Finished
- Roof:
- Flat
- Number of Storeys:
- 2
- Number of Buildings:
- 0
- Total Floor Area:
- 9,701 sq. ft.
- Finished Area Above Grade:
- 9,701 sq. ft.
- Fireplace:
- false
- Laundry Features:
- Coin Operated, Common Area
- Water Supply:
- Municipal
- Sewer:
- Sewer (Municipal)
- Cooling:
- None
- Heating:
- Baseboard
- Other,Existing Fridges And Stoves In Residential Units, Coin-Operated Laundry Equipment, And Any Fixtures & Chattels Belonging To The Landlord.
- Water Softener
- All Tenant-Owned Appliances, Furniture, And Personal Belongings.
- Built-In Appliances, Separate Heating Controls
- false
- No
- From Highway 7/King Street East, take Margaret Avenue north toward downtown Kitchener. Property is located on the east side of the street, just north of Lancaster Street East.
- No
- HST Applicable To Sale Price:
- Yes
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Association Fee 2:
- Signup
- Association Fee 2 Frequency:
- Signup
- Administrative Fee:
- Signup
- Features:
- Crops Included: No, Garage: No, New Construction: No
- Road Access Fee:
- Signup
- Zoning:
- C1
- Lot Site Features:
- Hospital, Park, Public Transit, Schools, Shopping Nearby
- Features:
- Crops Included: No, Garage: No, New Construction: No
- # Of Total Parking Spaces:
- 13.0
- # Of Open Parking Spaces:
- 13.0
- Driveway Parking:
- Outside/Surface/Open
- Num Apartment Units:
- 0
- Num Bachelor Units:
- 0
- Num Efficiency Units:
- 0
- Num Loft Units:
- 0
- Num Other Units:
- 0
- Num Penthouse Units:
- 0
- Num Studio Units:
- 0
- Total Units:
- Signup
- Listed Date:
- Jan 30, 2026
-
View of commercial location -
View of commercial location
-
Bird's eye view
-
Miscellaneous room featuring wall of books
-
View of street
-
Kitchen with stainless steel appliances, white cabinetry, light wood-type flooring, and decorative backsplash
-
Unfurnished room with a baseboard heating unit, light wood-style flooring, and fire sprinkler in ceiling
-
Full bath with vanity, shower / bath combo with shower curtain, and dark wood-type flooring
-
Below grade area with electric water heater and independent washer and dryer
Listed by Real Broker Ontario Ltd.
Data was last updated January 31, 2026 at 05:50 AM (UTC)
Area Statistics
- Listings on market:
- 13
- Avg list price:
- $1,999,999
- Min list price:
- $749,900
- Max list price:
- $9,999,000
- Avg days on market:
- 26
- Min days on market:
- 1
- Max days on market:
- 185
- Avg price per sq.ft.:
- $365.42
These statistics are generated based on the current listing's property type
and located in
1 - Waterloo East. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- MELANIE & WARREN MCNEIL
- PEAK REALTY LTD, BROKERAGE
- 5195903767
- Contact by Email
5-25 Bruce St
Kitchener, ON, N2B 1Y4