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Dennis Mehravar

[email protected] +1(519) 498-1229

Listed by Andy Naudi • RE/MAX Twin City Realty Inc.

$ 595,000

Est. payment -/mo

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94 Margaret Avenue Kitchener, ON N2H 4H6

3 Beds

2 Baths

1,697 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex Up/Down

Listing Status Active

Purchase Type For Sale

Square Footage 1,697 sqft

Price per Sqft $350

MLS Listing ID 40864244

Bedrooms 3

Abv Grd Liv Area 1,697

Year Built 1900

Annual Tax Amount $3,744

Property Sub-Type Duplex Up/Down

Source Cornerstone

Property Description

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.

Location

Province ON

County Waterloo

Area 2 - Kitchener East

Zoning R2

Direction Corner of Margaret Avenue & Breithaupt

Rooms

Basement Walk-Up Access, Full, Unfinished

Kitchen 0

Interior

Interior Features Separate Hydro Meters

Heating Forced Air, Natural Gas

Cooling Ductless, Wall Unit(s)

Fireplace No

Appliance Water Softener, Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Parking Features Gravel

Roof Type Shingle

Porch Deck, Porch

Lot Frontage 66.0

Lot Depth 108.0

Garage No

Building

Lot Description Rectangular, Business Centre, Dog Park, City Lot, Near Golf Course, Highway Access, Hospital, Industrial Mall, Industrial Park, Library, Park

Faces Corner of Margaret Avenue & Breithaupt

Story 2

Foundation Stone

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick Veneer,Cement Siding,Shingle Siding,Stone

New Construction No

Others

Senior Community No

Tax ID 223210006

Ownership Freehold/None

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NEARBY SCHOOLS & PROPERTIES

Dennis Mehravar

Broker

+1(519) 498-1229

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