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$ 2,980,000
Est. payment | /mo
23 Beds
12 Baths
7,500 SqFt
$ 2,980,000
Est. payment | /mo
23 Beds
12 Baths
7,500 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 7500
Square Footage 7,500 sqft
Price per Sqft $397
Subdivision 212 - Downtown Kitchener/East Ward
MLS® Listing ID 40857417
Bedrooms 23
Property Sub-Type Freehold
Property Description
Excellent opportunity to acquire a well-maintained 12-unit multi-residential investment property in the strong and growing Kitchener rental market. Located at 50 Gordon Ave., Kitchener, this purpose-built apartment building features 11 two-bedroom units and 1 one-bedroom unit, offering a desirable mix for today's rental market. Each unit includes dedicated parking, a private balcony, and its own hydro meter, providing attractive features for tenants while helping manage operating costs. Ideally situated just minutes from Downtown Kitchener, the property is close to public transit, schools, shopping, restaurants, and major employment centers. Its convenient location, combined with the continued growth of the Kitchener-Waterloo region, supports strong and consistent rental demand. This property presents an opportunity to acquire an established income-producing asset with long-term value-add potential. Future upside may be achieved through selective unit modernization, improvements to the property, and rental growth over time. A compelling opportunity for investors looking to add a 12-unit apartment building to their portfolio in one of Ontario's growing rental markets. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Cooling None
Exterior
Parking Features No
Community Features Quiet Area
View Y/N No
Attached Garage No
Total Parking Spaces 12
Garage No
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://youriguide.com/50_gordon_ave_kitchener_on/
Listed by Royal LePage Wolle Realty
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