Kim Christopher

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58 MADISON Avenue N, Kitchener, Ontario

$2,950,000

12 Beds
12 Baths
8,750 Square Feet

Exceptional Investment Opportunity – Turn-Key Multi-Family Asset Near Downtown Kitchener. Discover a premier investment generating approximately $203,000 in gross annual rental income. Renovated in 2015, this meticulously maintained property offers a seamless blend of modern finishes and classic character, featuring twelve self-contained one-bedroom units in a sought-after rental location. Situated just steps from schools, hospitals, transit, and downtown amenities, this high-demand area boasts a Walk Score of 97 – a true Walker’s Paradise. In 2015 this building had a major overhaul with all new windows, doors, kitchens, appliances, full electrical and plumbing upgrades as well as a steel roof. Surrounded by high-density redevelopment, this asset holds strong current value and promising future appreciation potential – making it ideal for land banking while collecting attractive rental returns. Just one property away from Weber Street, it’s perfectly positioned for investors seeking a turn-key, low-maintenance asset minutes from the heart of Downtown Kitchener. (id:23309)

Listing ID: 40731112
Property Type: Multi-family

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Details

Amenities Nearby: Hospital, Park, Playground, Schools, Shopping
Community Features: High Traffic Area, Community Centre
Features: Laundry- Coin operated
Ownership: Freehold
Parking Spaces: 12
Transaction: For sale
Zoning Description: CR-A, 18H

Building

BasementType: Full (Unfinished)
Basement Development: Unfinished
Constructed Material: Concrete block, Concrete Walls
Cooling: None
Exterior Finish: Brick, Concrete
Fireplace Present: False
Bathrooms (Total): 12
Heating: Radiant heat
Size Interior: 8750 sqft
Stories Total: 3
Utility Water: Municipal water

Land

Amenities: Hospital, Park, Playground, Schools, Shopping
Sewer: Municipal sewage system
Size Frontage: 60 ft

Listing provided by Coldwell Banker Peter Benninger Realty
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 58 MADISON Avenue N in Kitchener Ontario. It was last modified on May 22nd, 2025. Contact Kim Christopher to schedule a viewing or to discover other Kitchener real estate for sale.

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