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. (id:61594)
| MLS® Number | 40803964 |
| Property Type | Multi-family |
| Amenities Near By | Public Transit, Schools |
| Features | Laundry- Coin Operated |
| Parking Space Total | 6 |
| Bathroom Total | 3 |
| Bedrooms Total | 4 |
| Appliances | Water Softener |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Cooling Type | None |
| Exterior Finish | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Stories Total | 3 |
| Size Interior | 1,868 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
| Detached Garage |
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Frontage | 54 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Res-4 |
https://www.realtor.ca/real-estate/29343725/218-margaret-avenue-kitchener
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