23 Beds
12 Baths
7,500 SqFt
23 Beds
12 Baths
7,500 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $397
MLS Listing ID 40857417
Bedrooms 23
Abv Grd Liv Area 7,500
Annual Tax Amount $28,951
Property Sub-Type Multi Family
Source Cornerstone
Property Description
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 2 - Kitchener East
Zoning C3
Direction Major Intersections are Lancaster St. E and Frederick St.
Rooms
Basement Partial, Unfinished
Kitchen 0
Interior
Interior Features None
Heating Baseboard
Cooling None
Fireplace No
Appliance Refrigerator, Stove
Laundry Coin Operated
Exterior
Roof Type Asphalt Shing
Lot Frontage 75.0
Garage No
Building
Lot Description Rectangular, Highway Access, Hospital, Park, Public Transit, Quiet Area, Shopping Nearby
Faces Major Intersections are Lancaster St. E and Frederick St.
Story 3
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 3
Structure Type Brick,Cement Siding,Concrete
New Construction No
Others
Senior Community No
Tax ID 223120080
Ownership Freehold/None
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