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50 Gordon Avenue

Kitchener, N2H 1N8

$2,980,000

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Listed 60 days ago · MLS® X13699040

About this home

Excellent opportunity to acquire a 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

Type
Investment
Lot
75 × 162 ft
Garage
None
Property tax
$28,951 (2025)
Municipality
Kitchener

Heating, cooling and services

Heating
Baseboard
Utilities
Available

Building and exterior

Building area
11,700 Square Feet

More

Possession
Flexible
Cross street
Frederick St and Lancaster St
Business type
Apts - 6 To 12 Units

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

  • 🚇 Frederick LRT13 min walk
  • 🚇 Kitchener City Hall LRT15 min walk

Within a 10-minute walk: 5 grocery stores, 62 cafés and restaurants, 16 parks, 2 pharmacies. Nearest grocery: Your Independent Grocer (650 m). Nearest park: Mansion Green (150 m).

Schools nearby

Elementary

  • Suddaby Public School
    EQAO: Gr 6 reading 90%, math 58%    6 min walk
  • St. Anne Catholic Elementary School Catholic
    EQAO: Gr 6 reading 90%, math 45%    14 min walk
  • Sheppard Public School
    EQAO: Gr 6 reading 72%, math 60%    18 min walk
  • Smithson Public School
    EQAO: Gr 6 reading 69%, math 57%    1.5 km

Secondary

  • St. Louis Education Centre - St. Mary's Campus Catholic13 min walk
  • Margaret Avenue Public School14 min walk
  • St. Louis Education Centre - Main Campus Catholic15 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N2H

Owners / renters
49% / 51%
Median household income
$73,500
Average age
41
Children under 15
13%
Homes
43% detached, 22% high-rise
Commute by transit
7%
Population
22,456

Languages spoken most at home besides English: Arabic 0.9%, Spanish 0.7%, Tigrigna 0.5%, Portuguese 0.5%.

Safety

Crime Severity Index for Waterloo Region (Kitchener) police: 67 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Kitchener: 1 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by ROYAL LEPAGE WOLLE REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.