$595,000 - 94 Margaret Avenue, Kitchener
Multi-Family for Sale in Kitchener
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- MLS Number
- X13797876
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 20
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Kitchener
- Taxes (2025)
- $3,744
- Listing Brokerage
- RE/MAX TWIN CITY REALTY INC.
Meticulously maintained legal duplex offers an exceptional investment opportunity right in the heart of the downtown Kitchener core. Ideal for a savvy investor or a buyer seeking an owner-occupied home with income potential, the property features A+ long-term tenants, with the main level tenant unfortunately vacating at the end of October to allow for immediate vacant possession of that suite. The location is truly unbeatable for commuters and professionals, situated just a short stroll from the Kitchener GO train station, the Google offices, and the best of both downtown Kitchener and Waterloo. The home has been extremely well kept and features excellent modern infrastructure, including a newer natural gas furnace, a professionally waterproofed basement, and ductless split unit heat pumps providing dedicated air conditioning in each unit. This is a turnkey investment with all the updates being completed. Outside, a massive parking area provides ample room for six vehicles. The main level unit is a generous 845sf one bedroom apartment featuring convenient in-unit laundry, direct basement access for storage, and an updated kitchen complete with stainless steel appliances, including a dishwasher. This main floor unit also walks out to a large, updated deck overlooking the parking area. The second-level unit is a spacious 850sf two bedroom apartment that boasts a uniquely cool finished attic living space and its own updated kitchen with stainless steel appliances. With its prime location, many mechanical updates, and incredible commuting convenience, 94 Margaret Ave delivers a turnkey opportunity to secure a premium asset in a highly desirable area.
Estimate your monthly payments for this property
Estimated Payment
$3,052.66/mo
Includes CMHC insurance ($16,601)
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.
94 Margaret Avenue, Kitchener
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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 $397/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.
Market Position
At 20 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $2,479 (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.