For Sale

$2,980,000

50 GORDON Avenue , Kitchener, Ontario N2H1N8

23 Beds 12 Baths

Remarks

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:27)

Property Summary

  • Lot Frontage: 75 Feet
  • No. of Parking Spaces: 12
  • Floor Space (approx): 7500 Square Feet
  • Bedrooms: 23
  • Bathrooms (Total): 12
  • Zoning: C3

Property Features:

  • Access Type:
    Highway access
  • Amenities Nearby:
    Hospital , Park , Public Transit , Shopping
  • Community Features:
    Quiet Area
  • Features:
    Laundry- Coin operated
  • Ownership Type:
    Freehold
  • Parking Type:
    Open
  • Property Type:
    Multi-family
  • Sewer:
    Municipal sewage system

Building Features:

  • Basement Development:
    Unfinished
  • Basement Type:
    Partial
  • Cooling Type:
    None
  • Exterior Finish:
    Brick , Concrete
  • Heating Type:
    Baseboard heaters
Lifestyle
Neighbourhood Info
Jen Lema

Jen Lema

Salesperson/REALTOR®

Phone:  519.578.7300

Mobile:  647.200.8677

Fax:  519.742.9904

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Royal LePage Wolle Realty, Brokerage (Independently owned and operated)

71 Weber STREET EAST
Kitchener,  ON N2H1C6

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