Listed price in listed location currency (CAD).
$2,980,000

231212

MLS® 40857417

  • Property Details
  • Map

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.

Key Facts

Type Multi Family
Levels Residential Income
Size 7500 sqft
Taxes $28,951
Days Active 5
Avg. Price Per Sqft $397
MLS® Number 40857417
Central VacNo
FireplaceNo
BasementPartial, Unfinished
HeatBaseboard
A/CNone

Additional Information

Zoning C3
Siding Brick, Cement Siding, Concrete
Landscaping Rectangular, Highway Access, Hospital, Park, Public Transit, Quiet Area, Shopping Nearby

Extra Features

Other

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 21, 2026List Date
$2,980,000List Price
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$XXX,XXXSold Price
Top Secret
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$XXX,XXXList Price
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$XXX,XXXSold Price
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  • Commute

Commute

Starting Address
Destination Address
50 Gordon Ave, Kitchener, ON

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