218 Margaret Avenue

114 - Uptown Waterloo/North Ward Kitchener N2H 4J2

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. Current average rent is $1,264 per month, with an additional $2,640 annual income for parking and garage rentals, this supported by quality tenants, with future rental upside potential. 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.