50 GORDON Avenue

$2,980,000

212 - Downtown Kitchener/East Ward, Kitchener, Ontario

  • 23 beds
  • 12 baths
  • 7,500 square feet
Commercial · Multi-familyType
12Parking
Baseboard heatersHeating
NoneCooling
334Days on market
$397 / sqftPrice / sqft

About this property

Excellent opportunity to acquire a stable multi-residential asset in a strong and growing rental market. 50 Gordon Ave. Kitchener is a purpose-built 12-unit apartment building consisting of 11 two-bedroom units and 1 one-bedroom unit. Each unit has a dedicated parking spot, balcony and their own hydro meter. ——- ——- ——- Situated just minutes from downtown Kitchener, close to public transit, schools, shopping and major employers, making it an attractive location for tenants. With Kitchener-Waterloo’s strong rental demand and ongoing population growth, this property offers both immediate income and excellent long-term potential. —— —— —— This is a rare opportunity to add a 12-unit investment property to your investment portfolio with value-add upside through modernization units and rental increase over time. (id:66327)

Property details

Interior

Bedrooms
23
Bathrooms
12
Living area
7,500 square feet
Storeys
3
Basement
Unfinished, Partial

Exterior & parking

Architectural style
[]
Parking spaces
12
Parking features
Open
Exterior features
Concrete, Brick

Building & HOA

Heating
Baseboard heaters
Cooling
None

Financial & legal

List price
$2,980,000
Price / sqft
$397 / sqft
Annual taxes
$28,951
Tenure
Freehold
Status
Active
MLS® number
40776124

Location

City
Kitchener
Neighbourhood
212 - Downtown Kitchener/East Ward
Province
Ontario
Postal code
N2H1N8
Directions
Major Intersections are Lancaster St. E and Frederick St.

Mortgage calculator

estimated / month

Estimate only — excludes taxes, insurance and CMHC. Contact us for a real quote.

Location & neighbourhood

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Listing data provided under the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed. REALTOR®, MLS® and associated logos are owned by The Canadian Real Estate Association (CREA).