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Royal LePage
Royal LePage
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$2,980,000

Kitchener ON, N2H 1N8

MLS® # X12444952

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:7525)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 11700 sqft
  • Heating Type: Baseboard heaters
  • Cooling Type: None
  • Appliances: Water softener

Property Features:

  • Property Type: Multi-family
  • Amenities Nearby: Public Transit
  • Floor Space (approx): 11700 Square Feet
  • Irregular: Yes
  • Lot Depth: 162.0 Feet
  • Lot Frontage: 75.0 Feet
  • Lot Size: Bldg=75 x 162 FT
  • Zoning: C3
  • No. of Parking Spaces: 12

REALTOR.ca  

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⚠ Potential Investment Performance

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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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