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Kitchener - Cambridge - Waterloo
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Central Frederick
50 GORDON Avenue
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50 GORDON Avenue $2,980,000
Entrance to property with board and batten siding and brick siding
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.
$2,980,000
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50 GORDON Avenue
Kitchener, Ontario N2H1N8

MLS® Number: 40776124
23
Bedrooms
12
Bathrooms
7500
Square Feet

Listing 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. (69722957)

Location Description

Major Intersections are Lancaster St. E and Frederick St.

Property Summary

Property Type
Multi-family
Storeys
3
Square Footage
7500 sqft
Subdivision Name
212 - Downtown Kitchener/East Ward
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$28,951.26
Total Parking Spaces
12
Time on REALTOR.ca
73 days

Building

Bathrooms
Total
12
Interior Features
Basement Type
Partial (Unfinished)
Building Features
Features
Laundry- Coin operated
Total Units
12
Heating & Cooling
Cooling
None
Heating Type
Baseboard heaters
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Concrete
Neighbourhood Features
Community Features
Quiet Area
Amenities Nearby
Hospital, Park, Public Transit, Shopping
Parking
Total Parking Spaces
12

Measurements

Square Footage
7500 sqft
Above Grade Finished
7500 sqft
Source: Other

Land

Lot Features
Frontage
75 ft
Other Property Information
Access
Highway access
Zoning Description
C3
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519-575-2580
519-742-9904
Email
Royal LePage Wolle Realty
71 Weber Street E., Unit B
Kitchener, Ontario N2H1C6
519-578-7300
519-742-9904
Office Website

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