Exceptional investment opportunity in the highly sought-after Lincoln Heights neighbourhood of Waterloo! Situated on a high-visibility corner lot at 27 Margaret Ave N, this well-maintained triplex offers versatility, steady income, and future potential. Two units are currently occupied by month-to-month tenants, while the upper 2-bedroom unit is vacant—perfect for an owner looking to move in or an investor ready to set their own rents. The upper unit has been recently refreshed and repainted and comes equipped with a new fridge and stove, offering a bright, move-in-ready living space. The building is accessible via stairs or a concrete ramp, providing easy entry for a variety of occupants, and features ample on-site parking. With excellent exposure and close proximity to transit, highway access, shopping, universities, trails and schools, this property is ideally positioned in one of Waterloo’s most convenient neighbourhoods. A rare opportunity to secure a solid triplex in a thriving area—don’t miss out!
For sale
C$1,150,000
27 Margaret Ave N, Waterloo, ON N2J 3P2
5beds
3baths
2,726sqft
Multi-3 Unit, Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
C$422/sqft
C$-- HOA
What's special
High-visibility corner lotNew fridge and stoveBright move-in-ready living spaceAmple on-site parkingExcellent exposure
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Zillow last checked: 8 hours ago
Listing updated: 22 hours ago
Listed by:
Erin Griesbaum, Salesperson,
CITIMAX REALTY LTD.
Source: ITSO,MLS®#: 40793236Originating MLS®#: Cornerstone Association of REALTORS®
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Heating
- Forced Air
Cooling
- None
Appliances
- Laundry: Coin Operated
Features
- None
- Basement: Separate Entrance,Full,Finished
- Has fireplace: No
Interior area
- Total structure area: 2,726
- Total interior livable area: 2,726 sqft
- Finished area above ground: 2,726
Property
Parking
- Total spaces: 5
- Parking features: Private Drive Triple+ Wide
- Uncovered spaces: 5
Features
- Exterior features: Balcony
- Frontage length: 60.00
Lot
- Dimensions: 60 x
- Features: Ample Parking, Highway Access, Park
Details
- Parcel number: 223490067
- Zoning: R1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi-3 Unit, Multi Family
Materials
- Brick
- Roof: Metal
Condition
- 51-99 Years
- New construction: No
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal
Community & HOA
Community
- Security: Smoke Detector
Location
- Region: Waterloo
Financial & listing details
- Price per square foot: C$422/sqft
- Annual tax amount: C$5,053
- Date on market: 12/15/2025
- Inclusions: Smoke Detector, Refrigerator X 3, Stove X 3, Range Hood X 3, Common Area Washer And Dryer
- Exclusions: All Tenant's Personal Belongings
Erin Griesbaum, Salesperson
(519) 578-3300
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Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/15/2025 | Listed for sale | C$1,150,000C$422/sqft |
Source: ITSO #40793236 Report a problem | ||
Public tax history
Public tax history
Tax history is unavailable.Climate risks
Neighborhood: N2J
Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
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