223 Margaret Avenue, Kitchener

$699,900
223 Margaret Avenue

$699,900

New
21d
Detached1 1/2 Storey

223 Margaret Avenue, Kitchener

Total Monthly Obligation $3,503

Beds
5
Baths
2
Park
3
Sqft
1100-1500
DOM
21d
Score
20
Yield
5.1%
Cash on Cash
-1.7%
Cap Rate
4.2%
5Y IRR
14.2%
10Y IRR
13.5%
Property Type-Detached
MLS® Number-X13852960
Beds-5
Bathrooms-2
Size-1100-1500 sqft
Lot Size-50.2 × 119.6 ft
Listed on site-Oct 2, 2026
Style-1 1/2 Storey
Building Type-Detached
Age-51-99
Taxes-$3,655.6 (2026)
Parking-3 - None
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX Real Estate Centre Inc
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Can be flexible
Title-Residential Freehold

No agent assigned

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!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$3,503/mo
Mortgage $2,823
Monthly Loss $2,760
Principal$743
Interest$2,080
Property Tax$305
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.4%22
Cash-on-Cash
-6.5%2
5-Year IRR
10.5%39
10-Year IRR
10.9%
Returns Index
20.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$35,772/yr
NOI
$24,039/yr
Net Cash Flow
-$820/mo
Cash Margin
-27.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo45
Risk Index
24.5/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 223 Margaret Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.