50 GORDON Avenue

About this home

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:66966)

Details

Type

Multi-family

Size

7500 sq ft

Basement

Unfinished, Partial

Property tax

$28,951

Neighbourhood

Downtown Kitchener/East Ward

Municipality

Kitchener

Interior

Fireplace

No

Heating, cooling and services

Heating

Baseboard heaters

Water and sewer

Municipal sewage system

Building and exterior

Outdoor

Concrete, Brick

Parking

Total parking

12

Driveway and parking

Open

Location

Location is approximate. See nearby homes on the map