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$ 2,980,000
Est. payment /mo
New
50 Gordon AVE Kitchener, ON N2H 1N8
11,700 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 11,700 sqft
Price per Sqft $254
MLS Listing ID X13699040
Annual Tax Amount $28,951
Tax Year 2025
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Waterloo
Area Waterloo
Interior
Cooling No
Exterior
Community Features Public Transit
Utilities Available Available
Lot Frontage 75.0
Lot Depth 162.0
Others
ParcelsYN No
Listed by ROYAL LEPAGE WOLLE REALTY
NEARBY SCHOOLS & PROPERTIES
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