50 GORDON Avenue , Kitchener Ontario N2H1N8

Sale $2,980,000  | 
Listing # 40776124
View of property View of property Shared laundry room featuring separate washer and dryer and light tile patterned floors
Jen Lema

Jen Lema

Salesperson/REALTORĀ®

Phone: 519.578.7300
Fax: 519.742.9904
Mobile: 647.200.8677

soldwithjenlema@gmail.com
jenlema.ca

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

Brokerage

71 Weber STREET EAST
Kitchener,  ON N2H1C6

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)

Investment

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