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Royal LePage
Royal LePage
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$2,980,000

50 GORDON Avenue, Kitchener, Ontario, N2H 1N8

MLS® # 40857417

Kitchener ON, N2H 1N8

MLS® # 40857417

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Basement Development: Unfinished
  • Basement Type: Partial
  • Exterior Finish: Brick, Concrete
  • Floor Space: 7500 sqft
  • Heating Type: Baseboard heaters
  • Cooling Type: None

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 23
  • Bathrooms: 12
  • Access Type: Highway access
  • Amenities Nearby: Hospital, Park, Public Transit, Shopping
  • Community Features: Quiet Area
  • Features: Laundry- Coin operated
  • Floor Space (approx): 7500 Square Feet
  • Lot Frontage: 75 Feet
  • Zoning: C3
  • Sewer: Municipal sewage system
  • Parking Type: Open
  • No. of Parking Spaces: 12

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 50 GORDON Avenue, Kitchener, Ontario, N2H 1N8

Demographic Information of 50 GORDON Avenue, Kitchener, Ontario, N2H 1N8

Life Stage

Later Years

Employment Type

Service Sector/White Collar

Average Household Income

$143,049.54

Average Number of Children

1.67

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.2 %

High school certificate or equivalent

25.17 %

Apprenticeship trade certificate/diploma

5.1 %

College/non-university certificate

20.77 %

University certificate (below bachelor)

1.17 %

University Degree

33.59 %

Commuter

Travel To Work

By Car

80.18 %

By Public Transit

7.42 %

By Walking

5.13 %

By Bicycle

2.02 %

By Other Methods

5.25 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

45.58 %

Houses

54.42 %

Own Vs. Rent

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