$699,900 - 223 Margaret Avenue, Kitchener
Detached for Sale in Kitchener
New — Listed 5 days agoWant to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- X13852960
- Property Type
- Detached
- Status
- active
- Days on Site
- 5
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Kitchener
- Taxes (2026)
- $3,656
- Listing Brokerage
- RE/MAX Real Estate Centre Inc
Welcome to 223 Margaret Ave, where extensive renovations, thoughtful design and a fantastic location come together! This impressive all brick 4+1 bedroom, 2 full bathroom home sits on a generous 50 foot wide lot and offers beautifully updated living space from top to bottom. Step inside and you will immediately appreciate the inviting open concept main floor, featuring a gorgeous renovated kitchen and bright living area. The kitchen is designed with both everyday living and entertaining in mind, offering loads of prep space, quartz counters, an oversized pantry, soft close cabinetry, two spice racks, a fantastic island and plenty of pot lights. A new walkout provides easy access to the backyard and deck, creating a seamless connection between indoor and outdoor living. The main floor also features two bedrooms and a beautifully finished new 4 piece bathroom. Upstairs, you will find two additional bedrooms along with convenient attic storage. The fully finished basement adds even more versatility with a spacious family room, fifth bedroom with egress window, new laundry room and a beautifully finished 3 piece bathroom. All appliances included! The extensive list of updates includes lighting, electrical wiring, flooring, kitchen, both bathrooms, several windows, upgraded insulation, forced air gas furnace, central air conditioning, water heater and doors, allowing you to move in and enjoy without taking on a long renovation list. Located just minutes from downtown Kitchener and Uptown Waterloo, with easy access to Breithaupt Centre, the Spur Line Trail, public transit, schools and everyday amenities. Beautifully renovated, wonderfully located and offering plenty of space for you to enjoy! 223 Margaret Ave is one you will want to see!
Estimate your monthly payments for this property
Estimated Payment
$3,590.85/mo
Includes CMHC insurance ($19,527)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Kitchener
Kitchener is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Kitchener
- •Convenient location in Kitchener
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Kitchener offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
223 Margaret Avenue, Kitchener
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $636/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In Kitchener's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in Kitchener are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Kitchener.
Investment Perspective
Looking at this as an investment: Kitchener properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,916 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.