50 GORDON Avenue
Kitchener, Ontario
MLS® 40857417
$2,980,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 40857417
- Bedrooms
- 23
- Bathrooms
- 12
- Year built
- —
1 / 26Listing description
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.
Property summary
- MLS® number
- 40857417
- Property type
- Multi-family
- Square footage
- 7,500 sq ft
- Title
- Freehold
- Annual property taxes
- $28,951.26
- Parking
- 12 spaces · Open
- Days on market
- 27 days
Features & details
- Heating
- Baseboard heaters
- Cooling
- None
- Basement
- Unfinished, Partial
- Exterior features
- Concrete, Brick
- Lot features
- Laundry- Coin operated
- Community features
- Quiet Area
What would this home cost you?
Based on the $2,980,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Royal LePage Wolle Realty, Kitchener.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.