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Property Type: Detached HouseOwnership: Freehold
223 MARGARET AVENUE
Kitchener, ON N2H4J1
MLS® X13852960
$659,900
5 bed2 bath3 parking
Property Details
Property & Lot
- Sub-type
- House
- Stories
- 1.5
- Lot size
- 50.2 x 119.6 FT ; 50.2 x 119.6 x 50 x 109.9
- Frontage
- 50.2 feet
RES-4
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $3,655.6 (2025)
Interior
- Basement
- Finished, Full
- Heating
- Forced air, Natural gas
- Cooling / A/C
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | — |
| Bathroom | Basement | — |
| Laundry room | Basement | — |
| Kitchen | Main level | — |
| Bathroom | Main level | — |
| Bedroom 3 | Main level | — |
| Bedroom 4 | Main level | — |
| Bathroom | Main level | — |
| Primary Bedroom | Second level | — |
| Family room | Basement | — |
| Bedroom 5 | Basement | — |
Description
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! (id:63161)
Listing Information
- MLS®
- X13852960
- Tax assessment year
- 2025
- Data last synced
- October 27, 2026
RE/MAX Real Estate Centre Inc
Data source: CREA DDF.
CREA DDF® ListingListing Brokerage: RE/MAX Real Estate Centre Inc
MLS® Number: X13852960
Listing data is sourced from CREA DDF®, the Canadian Real Estate Association (CREA) Data Distribution Facility. Listing information is deemed reliable but is not guaranteed accurate by CREA or the listing brokerage. Data provided courtesy of OnePoint Association of REALTORS®.
Values & Trends
This listing
—
Building average
—
No other active listings in this building
Kitchener average
$400/sqft
504 active listing(s)
Parking: 3 stall(s) includedStorage locker: Not indicated
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
Nearest station: Kitchener-Waterloo
4°C
Mist
Humidity 97%
Wind N 4 km/h
Tonight
6°
Thursday
19°
Thursday night
6°
Friday
12°
Friday night
-2°
Saturday
14°
Source: Environment and Climate Change Canada.
Population
256,885
(2021 Census)
+10.1% since 2016
Similar Listings Nearby
Similar active properties nearby based on property type, price, and size.
Mortgage & Ownership Cost Calculator
Minimum required: 6.2% ($40,990) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Net mortgage (loan + CMHC insurance)$527,920.00
Periodic payment — Principal & Interest (monthly)$3,405.96
Additional monthly expenses (condo fees, tax, utilities, etc.)$304.63
Total monthly cost$3,710.59
Interest paid over 5-yr term$151,303.39
Balance at end of term$474,865.75
Rates based on Bank of Canada benchmark data.
Financial Summary
Minimum down payment$40,990
Stress test qualifying rate8.19%
Payment you must qualify for$4,798.87
Cash Needed at Closing
Minimum down payment$40,990
Estimated Land Transfer Tax (LTT)$9,673
Legal / closing costs (typical estimate)$1,500
Total cash needed$52,163
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Land Transfer Tax is the Ontario provincial schedule, before any first-time buyer refund; only the City of Toronto charges a municipal land transfer tax on top, so none applies in the areas this site covers (Ontario Ministry of Finance, ontario.ca/document/land-transfer-tax, as of October 28, 2026). Verify all figures with a mortgage broker and lawyer before relying on them.
