50 Gordon Avenue, Kitchener, Ontario N2H 1N8

Listed for:
$2,980,000
23 beds
12 baths
Listed 7 days ago
50 Gordon Avenue, Kitchener, Ontario N2H 1N8

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Learn more about this property
Listing provided by:
Royal LePage Wolle Realty
MLS® number:
40776124
Agent:
Yaneth Maribel Siliezar
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About

Major Intersections are Lancaster St. E and Frederick St. Excellent opportunity to acquire a stable multi-residential asset in a strong and growing rental market. 50 Gordon Ave. Kitchener is a purpose-built 12-unit apartment building consisting of 11 two-bedroom units and 1 one-bedroom unit. Each unit has a dedicated parking spot, balcony and their own hydro meter. ------- ------- ------- Situated just minutes from downtown Kitchener, close to public transit, schools, shopping and major employers, making it an attractive location for tenants. With Kitchener-Waterloo's strong rental demand and ongoing population growth, this property offers both immediate income and excellent long-term potential. ------ ------ ------ This is a rare opportunity to add a 12-unit investment property to your investment portfolio with value-add upside through modernization units and rental increase over time. (id:27476)

Property Highlights

MLS® Number
40776124
Type
Multi-family
Ownership Type
Freehold
Land Size
under 1/2 acre
Parking Space Total
12

Building

Storeys
3.00
Square Footage
7500 sqft
Bathrooms Total
12
Bedrooms Total
23
Amenities
Hospital, Park, Public Transit, Shopping
Exterior Finish
Brick, Concrete
Fireplace Present
No
Basement Type
Partial (Unfinished)
Basement Features
Building Heating Type
Baseboard heaters
Heating Fuel
Building Cooling Type
None

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location