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50 GORDON Avenue, Kitchener, Ontario, N2H 1N8

MLS® # 40776124
new listing
Investment For Sale In Central Frederick, Kitchener, Ontario
$2,980,000
Entrance to property with board and batten siding and brick siding - 50 Gordon Avenue, Kitchener, ON - Outdoor With Balcony With Exterior
View of property - 50 Gordon Avenue, Kitchener, ON - Outdoor
View of property - 50 Gordon Avenue, Kitchener, ON - Outdoor
Shared laundry room featuring separate washer and dryer and light tile patterned floors - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Laundry Room
Shared laundry room featuring washer and dryer and light tile patterned flooring - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Laundry Room
Corridor with light floors - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
View of utilities - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Basement
Utility room with electric panel - 50 Gordon Avenue, Kitchener, ON - Indoor
Utility room featuring water heater and electric panel - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Basement
Hallway featuring baseboard heating and speckled floor - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Stairs featuring mail area, speckled floor, and tile walls - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Hallway with tile walls - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Hallway with a baseboard heating unit and carpet floors - 50 Gordon Avenue, Kitchener, ON - Indoor
Unfurnished room featuring light wood-style floors and a baseboard heating unit - 50 Gordon Avenue, Kitchener, ON - Indoor
Unfurnished room with light wood-style flooring and baseboard heating - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Spare room featuring light wood-style flooring and baseboards - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Spare room featuring wood finished floors and a baseboard radiator - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Full bath featuring shower / bathtub combination, vanity, a baseboard heating unit, light wood finished floors, and tile walls - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Bathroom
Unfurnished bedroom with light wood finished floors, a baseboard radiator, and a closet - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Empty room featuring light wood finished floors and baseboards - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Spare room with baseboard heating, light wood-type flooring, and a ceiling fan - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Unfurnished bedroom featuring light wood-style floors, a ceiling fan, and a closet - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Hall with light wood-style flooring and baseboards - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Hall featuring light wood-style flooring and baseboards - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Kitchen with freestanding refrigerator, white cabinets, baseboard heating, and plenty of natural light - 50 Gordon Avenue, Kitchener, ON - Indoor
Kitchen featuring white appliances, a baseboard radiator, white cabinets, light wood-style flooring, and backsplash - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Kitchen With Double Sink
Kitchen with white appliances, light wood-style floors, under cabinet range hood, and white cabinets - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Kitchen With Double Sink
Kitchen - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Kitchen featuring a baseboard heating unit, white cabinetry, decorative backsplash, and light wood-style floors - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Kitchen With Double Sink
View of balcony - 50 Gordon Avenue, Kitchener, ON - Outdoor With Exterior
View of balcony - 50 Gordon Avenue, Kitchener, ON - Outdoor With Balcony With Exterior
Hall featuring stairway, a baseboard heating unit, carpet flooring, and concrete block wall - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Staircase with a baseboard radiator and carpet - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Stairs featuring carpet floors and concrete block wall - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Parking - 50 Gordon Avenue, Kitchener, ON - Outdoor
Parking at back of the building - 50 Gordon Avenue, Kitchener, ON - Outdoor
Parking - 50 Gordon Avenue, Kitchener, ON - Outdoor
Parking - 50 Gordon Avenue, Kitchener, ON - Outdoor
Most 2 bedroom units are like this one. - 50 Gordon Avenue, Kitchener, ON - Other
Virtual Tour
Entrance to property with board and batten siding and brick siding - 50 Gordon Avenue, Kitchener, ON - Outdoor With Balcony With Exterior
View of property - 50 Gordon Avenue, Kitchener, ON - Outdoor
View of property - 50 Gordon Avenue, Kitchener, ON - Outdoor
Shared laundry room featuring separate washer and dryer and light tile patterned floors - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Laundry Room
Shared laundry room featuring washer and dryer and light tile patterned flooring - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Laundry Room
Corridor with light floors - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
View of utilities - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Basement
Utility room with electric panel - 50 Gordon Avenue, Kitchener, ON - Indoor
Utility room featuring water heater and electric panel - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Basement
Hallway featuring baseboard heating and speckled floor - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Stairs featuring mail area, speckled floor, and tile walls - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Hallway with tile walls - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Hallway with a baseboard heating unit and carpet floors - 50 Gordon Avenue, Kitchener, ON - Indoor
Unfurnished room featuring light wood-style floors and a baseboard heating unit - 50 Gordon Avenue, Kitchener, ON - Indoor
Unfurnished room with light wood-style flooring and baseboard heating - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Spare room featuring light wood-style flooring and baseboards - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Spare room featuring wood finished floors and a baseboard radiator - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Full bath featuring shower / bathtub combination, vanity, a baseboard heating unit, light wood finished floors, and tile walls - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Bathroom
Unfurnished bedroom with light wood finished floors, a baseboard radiator, and a closet - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Empty room featuring light wood finished floors and baseboards - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Spare room with baseboard heating, light wood-type flooring, and a ceiling fan - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Unfurnished bedroom featuring light wood-style floors, a ceiling fan, and a closet - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Hall with light wood-style flooring and baseboards - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Hall featuring light wood-style flooring and baseboards - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Kitchen with freestanding refrigerator, white cabinets, baseboard heating, and plenty of natural light - 50 Gordon Avenue, Kitchener, ON - Indoor
Kitchen featuring white appliances, a baseboard radiator, white cabinets, light wood-style flooring, and backsplash - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Kitchen With Double Sink
Kitchen with white appliances, light wood-style floors, under cabinet range hood, and white cabinets - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Kitchen With Double Sink
Kitchen - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Kitchen featuring a baseboard heating unit, white cabinetry, decorative backsplash, and light wood-style floors - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Kitchen With Double Sink
View of balcony - 50 Gordon Avenue, Kitchener, ON - Outdoor With Exterior
View of balcony - 50 Gordon Avenue, Kitchener, ON - Outdoor With Balcony With Exterior
Hall featuring stairway, a baseboard heating unit, carpet flooring, and concrete block wall - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Staircase with a baseboard radiator and carpet - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Stairs featuring carpet floors and concrete block wall - 50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room
Parking - 50 Gordon Avenue, Kitchener, ON - Outdoor
Parking at back of the building - 50 Gordon Avenue, Kitchener, ON - Outdoor
Parking - 50 Gordon Avenue, Kitchener, ON - Outdoor
Parking - 50 Gordon Avenue, Kitchener, ON - Outdoor
Most 2 bedroom units are like this one. - 50 Gordon Avenue, Kitchener, ON - Other
  • Advertising
50 GORDON Avenue, Kitchener, Ontario, N2H 1N8
$2,980,000

Property Information:

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)

Building Features:

  • Style: Multiplex
  • Basement Development: Unfinished
  • Basement Type: Partial
  • Exterior Finish: Brick, Concrete
  • Floor Space: 7500 sqft
  • Heating Type: Baseboard heaters
  • Cooling Type: None

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Access Type: Highway access
  • Amenities Nearby: Hospital, Park, Public Transit, Shopping
  • Community Features: Quiet Area
  • Features: Laundry- Coin operated
  • Floor Space (approx): 7500 Square Feet
  • Lot Frontage: 75 Feet
  • Zoning: C3
  • Sewer: Municipal sewage system
  • Parking Type: Open
  • No. of Parking Spaces: 12

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Market Price Trends

Single family detached

-3.26%

Price change (1 year)

22.83%

Price change (5 years)

All Properties

-3.38%

Price change (1 year)

22.7%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 50 GORDON Avenue, Kitchener, Ontario, N2H 1N8

Demographic Information of 50 GORDON Avenue, Kitchener, Ontario, N2H 1N8

Life Stage

Later Years

Employment Type

Service Sector/White Collar

Average Household Income

$143,049.54

Average Number of Children

1.67

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.2 %

High school certificate or equivalent

25.17 %

Apprenticeship trade certificate/diploma

5.1 %

College/non-university certificate

20.77 %

University certificate (below bachelor)

1.17 %

University Degree

33.59 %

Commuter

Travel To Work

By Car

80.18 %

By Public Transit

7.42 %

By Walking

5.13 %

By Bicycle

2.02 %

By Other Methods

5.25 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

45.58 %

Houses

54.42 %

Own Vs. Rent

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