50 Gordon Avenue Kitchener, Ontario N2H 1N8
$2,980,000
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:50964)
Property Details
| MLS® Number | 40857417 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Public Transit, Shopping |
| Community Features | Quiet Area |
| Features | Laundry- Coin Operated |
| Parking Space Total | 12 |
Building
| Bathroom Total | 12 |
| Bedrooms Total | 23 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Cooling Type | None |
| Exterior Finish | Brick, Concrete |
| Heating Type | Baseboard Heaters |
| Stories Total | 3 |
| Size Interior | 7,500 Ft2 |
| Utility Water | Municipal Water |
Parking
| Open |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Hospital, Park, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 75 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C3 |
https://www.realtor.ca/real-estate/30182071/50-gordon-avenue-kitchener
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