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50 GORDON Avenue, Kitchener — listed at $2,980,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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. (id:60164)
What's the parking situation?+
This property includes 12 spaces — Open.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $28,951.26, heating is baseboard heaters. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the home heated? Is it efficient?+
Heating is baseboard heaters. Ask for past utility bills to understand real heating costs.
What makes this a luxury property?+
At $2,980,000, standout features include 7500 sq ft, 12 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
Does it have a basement, and is it finished?+
Yes — Unfinished, Partial. A finished basement adds meaningful living space beyond the listed square footage.
Is 50 GORDON Avenue a good fit for a growing family?+
With 23 bedrooms and 12 bathrooms (7500 sq ft), there's room for kids plus a guest room or home office. The 3-storey layout keeps living and sleeping areas separated.
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