94 Margaret Avenue
Kitchener, N2H 4H6
FOR SALE
$595,000
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3
BEDROOMS 2
BATHROOMS 2
KITCHENS 9
ROOMS X13797876
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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.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2021-05-17 | 2021-06-02 | 16 | $719,000 | $716,000 |
Property Features
Water Softener, Separate Hydro Meter
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Property Details
Address
94 Margaret Avenue
City
Postal Code
N2H 4H6
Property Type
Duplex, Duplex
Zoning
R2
Lot Size
66' x 108'
Taxes
$3,744 (2025
Basement
Unfinished, Walk-Up
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
6
Garage Type
None
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Listing contracted with Re/Max Twin City Realty Inc.
Welcome to 714 Frederick Street, Kitchener, a legal duplex packed with flexibility, income potential, and room to grow! Whether you are looking to live in one unit and rent the other, add a turnkey investment property to your portfolio, accommodate multigenerational living, or explore short-term rental potential, this property offers a wide range of possibilities.Set on an impressive 50' x 150' lot with plenty of parking, this all-brick property features two self-contained units, each with its own private in-suite laundry. The upper unit offers two bedrooms, a full bathroom, and a functional kitchen with ample cabinetry, while the lower-level unit includes one bedroom, its own kitchen, bathroom, separate entrance, and laundry.Separate smart, high-efficiency heating and cooling heat pumps provide comfort for each unit and can be conveniently controlled remotely. The property also features 200-amp electrical service.Outside, the oversized 16' x 21' detached garage offers additional storage, its own electrical panel, and a mechanic-style pit, making it an ideal space for car enthusiasts, hobbyists, a workshop, or anyone needing extra room for tools and equipment. The deep, fully fenced backyard provides plenty of space for entertaining, gardening, kids, pets, or future plans.With RES-4 zoning and a generous 50-foot frontage, there may also be potential to add up to two additional residential units, subject to zoning, permits, and municipal approvals, creating even more opportunity for future value.Conveniently located close to major highways, Downtown Kitchener, the LRT, parks, shopping, and everyday amenities, 714 Frederick Street is an exciting opportunity for investors, first-time buyers, or families looking for a property that can work for them today while offering possibilities for tomorrow.
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INVESTORS, DEVELOPERS & VISIONARIES! THIS ONE DESERVES YOUR ATTENTION! Here is an opportunity to acquire a MU3-ZONED, legally registered duplex in a high-traffic, HIGHLY VISIBLE location with tremendous potential for the right investor. The interior is in need of a significant overhaul, making this an ideal project for an investor or renovator looking to put their own stamp on a property and unlock its full potential. The real opportunity lies in the combination of MU3 zoning, legal duplex status, two separate units, and an exceptionally prominent location. With the right renovation strategy, this property could be transformed into a standout income-producing asset in a location where visibility and accessibility are major advantages. Whether you're looking to renovate and hold, maximize rental income, create a strong long-term investment, or explore the possibilities offered by the zoning, this property offers a compelling canvas for your vision. Properties with this combination of zoning, exposure, and existing legal duplex configuration are not everyday opportunities. The work is real, but so is the potential. Bring your plans. Bring your contractor. Bring your vision. This could be the value-add investment you've been waiting for.
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Legal duplex in a prime area, desirable East Ward. Perfect for entry level investors or adding to existing portfolio. The buyer may choose to live there since one 2 bedroom unit is available. 2 x 2 bedroom units each unit self contained. Recent renovation done including flooring,painting updated kitchen, one window changed. Another finished unit in lower level which the buyer may work on it to make it legalized, now vacant. Corner location close to expressway and shopping, transit. Currently one unit pays 859/month plus hydro(long time there) plus projected rent for another 2 bedroom unit is 1600/month. Developer, builder opportunity to buy next door(87 Lancaster) so it makes good development project
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Legal duplex plus extra unit in a prime area, desirable East Ward. Perfect for entry level investors or adding to existing portfolio. The buyer may choose to live there since one unit is available now. 3 x 1 bedroom units each unit self contained. Recent renovation done including flooring,painting updated kitchen. Close to expressway and shopping,transit. Currently unit 1 pays 1144/month, unit 2 1144/month plus projected rent for another 1 bedroom is 1400/month. Developer, builder opportunity to buy next door(93 Lancaster) so it makes good development project
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