50 GORDON Avenue

About this property

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:66549)

Details

Bedrooms

23

Bathrooms

12

Size

7,500 sq ft

Property type

House

Stories

3

Parking spaces

12

Heating

Baseboard heaters

Neighbourhood

212 - Downtown Kitchener/East Ward

Postal code

N2H1N8

MLS® Number

40857417

Status

For Sale

Features

• Balcony
• Laundry
• Parking

Location