New Listing
50 Gordon Avenue,Kitchener, ON N2H 1N8
Kitchener, ON N2H 1N8
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.
Details
| MLS # | 40857417 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 3 |
| Listing Provided By | Royal LePage Wolle Realty | Yaneth Maribel Siliezar |
Features
| Bed(s) | 23 |
|---|---|
| Bath(s) | 12 |
| SQ Feet | 7,500 |
| Basement | Y |
| Story(s) | 3 |
| Units | 12 |
| Zoning | C3 |
Interior
| Appliances | Refrigerator, Stove |
|---|---|
| Interior Features | None |
| Cooling | None |
| Cooling Yes / No | No |
| Heating | Baseboard |
| Heating Yes / No | Yes |
| Laundry Features | Coin Operated |
Exterior
| Lot Features | Rectangular, Highway Access, Hospital, Park, Public Transit, Quiet Area, Shopping Nearby |
|---|---|
| Construction Materials | Brick, Cement Siding, Concrete |
| Roof | Asphalt Shing |
Parking
| Open Parking Yes / No | Yes |
|---|
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 28951.26 |
|---|
Area Information
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Kitchener |
| Postal Code | N2H 1N8 |
| Area | 2 Kitchener East |
| Subarea | 212 Downtown Kitchener | East Ward |
| Community Name | 212 Downtown Kitchener/East Ward |
| Listing VS Median (in 212 Downtown Kitchener/East Ward) | |
Price: $2,980,000 low | high Med: $324,900 sqft: 7,500 low | high Med: 638 $ / sqft: $397 low | high Med: $520 On site: 3 low | high Med: 117 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Kitchener |
| Postal Code | N2H 1N8 |
| Area | 2 Kitchener East |
| Subarea | 212 Downtown Kitchener | East Ward |
| Community Name | 212 Downtown Kitchener/East Ward |
| Listing VS Median (in 212 Downtown Kitchener/East Ward) | |
Price: $2,980,000 low | high Med: $324,900 sqft: 7,500 low | high Med: 638 $ / sqft: $397 low | high Med: $520 On site: 3 low | high Med: 117 | |
