$2,980,000

Investment For Sale In Central Frederick, Kitchener, Ontario

$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
  • Bedrooms: 23
  • Bathrooms: 12
  • 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

Courtesy of: Royal LePage Wolle Realty

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

  • View of property -
  • View of property -
  • Shared laundry room featuring separate washer and dryer and light tile patterned floors -
  • Shared laundry room featuring washer and dryer and light tile patterned flooring -
  • Corridor with light floors -
  • View of utilities -
  • Utility room with electric panel -
  • Utility room featuring water heater and electric panel -
  • Hallway featuring baseboard heating and speckled floor -
  • Stairs featuring mail area, speckled floor, and tile walls -
  • Hallway with tile walls -
  • Hallway with a baseboard heating unit and carpet floors -
  • Unfurnished room featuring light wood-style floors and a baseboard heating unit -
  • Unfurnished room with light wood-style flooring and baseboard heating -
  • Spare room featuring light wood-style flooring and baseboards -
  • Spare room featuring wood finished floors and a baseboard radiator -
  • Full bath featuring shower / bathtub combination, vanity, a baseboard heating unit, light wood finished floors, and tile walls -
  • Unfurnished bedroom with light wood finished floors, a baseboard radiator, and a closet -
  • Empty room featuring light wood finished floors and baseboards -
  • Spare room with baseboard heating, light wood-type flooring, and a ceiling fan -
  • Unfurnished bedroom featuring light wood-style floors, a ceiling fan, and a closet -
  • Hall with light wood-style flooring and baseboards -
  • Hall featuring light wood-style flooring and baseboards -
  • Kitchen with freestanding refrigerator, white cabinets, baseboard heating, and plenty of natural light -
  • Kitchen featuring white appliances, a baseboard radiator, white cabinets, light wood-style flooring, and backsplash -
  • Kitchen with white appliances, light wood-style floors, under cabinet range hood, and white cabinets -
  • Kitchen -
  • Kitchen featuring a baseboard heating unit, white cabinetry, decorative backsplash, and light wood-style floors -
  • View of balcony -
  • View of balcony -
  • Hall featuring stairway, a baseboard heating unit, carpet flooring, and concrete block wall -
  • Staircase with a baseboard radiator and carpet -
  • Stairs featuring carpet floors and concrete block wall -
  • Parking -
  • Parking at back of the building -
  • Parking -
  • Parking -
  • Most 2 bedroom units are like this one. -