40 days on Market

50 Gordon Ave, Kitchener, Ontario N2H 1N8

Townhouse
-
12
~7500 sqft
$•••,•••
$2,980,000
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Townhouse
-
12
~7500 sqft

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Highlights

Property Estimate

Days on market40 days

Estimated valueNot available

Price/Sqft$397/sqft

Monthly cost

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Description

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.


Property Details

StyleResidential Income
View-
Age of property-
SqFt~7500 SqFt
Lot Size-
Parking Spaces12
MLS ®Number40776124
Community NameCentral Frederick
Data SourceITSO
Listing byRoyal LePage Wolle Realty

Features

Heating: Baseboard
Basement: Partial, Unfinished

Features

Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 12


Market Data - Central Frederick

Geo Zone Map ThumbnailCentral Frederick

Strong Seller's Market

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Townhouse - for the past 30 days

Buyer's market Seller's market

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Past 30 days

0 day

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Past 30 days

0 listing

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Units sold

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0 unit

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Median Sold Price

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$0

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Population and Demographics

Overview

Total population 3329
Average household income $142,649

Age (%)

0 to 19
18%
20 to 34
24%
35 to 49
21%
50 to 64
21%
65 and plus
17%

Household composition (%)

Single family
54%
Single person
41%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
90%
Others
4%
German
2%
Spanish
2%

House tenancy (%)

Owners
54%
Renters
46%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget