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228 MARGARET AVENUE, Kitchener, Ontario, N2H 4J5

MLS® # X12334184
Investment For Sale In Mt. Hope Huron Park, Kitchener, Ontario
$3,350,000
228 Margaret Avenue, Kitchener, ON - Outdoor
228 Margaret Avenue, Kitchener, ON - Other
228 Margaret Avenue, Kitchener, ON -  With View
228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Kitchen
228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Bathroom
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228 Margaret Avenue, Kitchener, ON  - Outdoor
228 Margaret Avenue, Kitchener, ON  - Other
228 Margaret Avenue, Kitchener, ON  -  With View
228 Margaret Avenue, Kitchener, ON  - Indoor Photo Showing Kitchen
228 Margaret Avenue, Kitchener, ON - Indoor Photo Showing Bathroom
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228 MARGARET AVENUE, Kitchener, Ontario, N2H 4J5
$3,350,000

Property Information:

Mixed-use investment property at 228 Margaret Avenue, with adjacent 236 Margaret Avenue included in the sale. Total of 15 units: 1 commercial unit (convenience store) and 14 residential apartments (10 one-bedrooms, 3 two-bedrooms, 1 three-bedroom). Highly visible, transit-accessible location close to schools, shopping, and public transit. Strong rental demand with opportunity to improve income performance through hands-on management and capital upgrades. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 9701 sqft
  • Heating Type: Baseboard heaters
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Floor Space (approx): 9701 Square Feet
  • Irregular: Yes
  • Lot Frontage: 62.2 Feet
  • Lot Size: 62.24 FT
  • Zoning: C1
  • No. of Parking Spaces: 13

Courtesy of: REAL BROKER ONTARIO LTD.

REALTOR.ca  

Location of 228 MARGARET AVENUE, Kitchener, Ontario, N2H 4J5

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

51/100

Moderate

ClimateCheck®

Current data

This property, 228 MARGARET AVENUE , experiences 7 hot days per year at around 30.7 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.3 degrees Celsius.

Projected Avg. Temperature

Past
30.7℃
2050
34.3℃

# Hot Days Per Year

Past
7
2050
34

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 228 MARGARET AVENUE , experiences 11 significant 2-day storms per year, with about 318.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 394.9mm of precipitation per year.

Precipitation Per Storm

Past
318.2mm
2050
394.9mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 228 MARGARET AVENUE, Kitchener, Ontario, N2H 4J5

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$112,038.33

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.04 %

High school certificate or equivalent

28.98 %

Apprenticeship trade certificate/diploma

5.51 %

College/non-university certificate

21.33 %

University certificate (below bachelor)

1.32 %

University Degree

26.83 %

Commuter

Travel To Work

By Car

85.34 %

By Public Transit

5.12 %

By Walking

4.4 %

By Bicycle

0.09 %

By Other Methods

5.05 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

38.68 %

Houses

61.32 %

Own Vs. Rent