218 MARGARET Avenue

About this home.

Purpose built, well maintained triplex with detached garage for under $800,000! MAIN FLOOR 2 BEDROOM UNIT VACANT. Centrally located close to DTK and UptownWaterloo, a corner location, all-brick purpose-built triplex offering awell-maintained building with an attractive unit mix of two 2-bedroom suites plusone bachelor unit in the basement. The property also features a detached two-cargarage, 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 ina convenient central location with strong fundamentals and room for growth. (id:59491)

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How this listing prices against Uptown Waterloo/North Ward.

Uptown Waterloo/North Ward saw 6 sales and 15 active listings over the past 30 days, a slower pace than the city overall. The average price was $580,433, well below Kitchener's city average, while homes sold in 23 days on average and at 95.59 percent of list, which suggests buyers had negotiating room. This is a split market right now, with freeholds moving quickly and condos taking much longer. For shoppers in this area, the property type matters more than the neighbourhood average.

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