Property Information:

Discover Madison Place at 58 Madison Ave, a turnkey 12-unit income property strategically positioned in Kitchener’s high-demand rental corridor. Fully renovated in 2015, this meticulously maintained asset blends classic charm with modern, investor-ready upgrades. Every suite features newly installed PEX plumbing, fully rewired electrical systems with updated sub-panels, energy-efficient windows, and commercial-grade fire-rated doors and stairwells. The building’s mechanicals are equally impressive, including a north-side tankless boiler (2021), a reliable south-side boiler, and a durable galvanized steel roof installed just 15 years ago. Financially, Madison Place delivers immediate, stable cash flow with $17,475 in monthly in-place rents. Operating expenses are strategically minimized through individually metered hydro, tenant-paid electric baseboard heating, and flat-rate hydro inclusions in select units. With 12 self-contained one-bedroom suites, a common coin-operated laundry room, and 10 dedicated parking spots, the property offers a highly efficient, low-maintenance profile ideal for passive investors or scaling landlords seeking immediate yield. Located minutes from ION light rail, downtown Kitchener, University of Waterloo, and major healthcare hubs, this asset sits in a proven rental demand zone with sustained population growth and constrained multi-family inventory. This is a rare opportunity to acquire a fully refreshed, cash-flowing building with negligible near-term capital expenditure required. Secure your position in one of Ontario’s most resilient real estate markets (id:27)

Building Features:

Style: Multiplex
Basement Development: Unfinished
Basement Type: Full
Construction Material: Concrete block, Concrete Walls
Exterior Finish: Brick, Concrete
Floor Space: 8750 sqft
Cooling Type: None
Appliances: Microwave

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Bedrooms: 1
Bathrooms: 1
Amenities Nearby: Hospital, Park, Playground, Schools, Shopping
Community Features: High Traffic Area, Community Centre
Features: Laundry- Coin operated
Floor Space (approx): 8750 Square Feet
Lot Depth: 142 Feet
Lot Frontage: 60 Feet
Zoning: SGA-2
Sewer: Municipal sewage system
Parking Type: Open
No. of Parking Spaces: 12

Courtesy of: Coldwell Banker The Real Estate Centre, Coldwell Banker The Real Estate Centre, Brokerage

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Demographic Information of 58 MADISON Avenue N, Kitchener, Ontario, N2H 2Z6

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$93,576.40

Average Number of Children

1.77

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.31 %

High school certificate or equivalent

25.59 %

Apprenticeship trade certificate/diploma

4.02 %

College/non-university certificate

23.37 %

University certificate (below bachelor)

1.33 %

University Degree

26.37 %

Commuter

Travel To Work

By Car

77.38 %

By Public Transit

9.1 %

By Walking

5.96 %

By Bicycle

0.56 %

By Other Methods

7.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

53.26 %

Houses

46.74 %

58 MADISON Avenue N, Kitchener, Ontario, N2H 2Z6