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Royal LePage
Royal LePage
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$2,650,000

Kitchener ON, N2H 2Z6

MLS® # 40731112

Property Information:

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:27)

Building Features:

  • Style: Multiplex
  • Basement Development: Unfinished
  • Basement Type: Full
  • Construction Material: Concrete block, Concrete Walls
  • Exterior Finish: Brick, Concrete
  • Floor Space: 8750 sqft
  • Heating Type: Radiant heat
  • Cooling Type: None

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Bedrooms: 12
  • Bathrooms: 12
  • Amenities Nearby: Hospital, Park, Playground, Schools, Shopping
  • Community Features: High Traffic Area, Community Centre
  • Features: Laundry- Coin operated
  • Floor Space (approx): 8750 Square Feet
  • Lot Depth: 143.0 Feet
  • Lot Frontage: 60.0 Feet
  • Zoning: CR-A, 18H
  • Sewer: Municipal sewage system
  • Parking Type: Visitor parking
  • No. of Parking Spaces: 12

Courtesy of: Coldwell Banker Peter Benninger Realty, COLDWELL BANKER PETER BENNINGER REALTY

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 58 MADISON Avenue N, Kitchener, Ontario, N2H 2Z6

Demographic Information of 58 MADISON Avenue N, Kitchener, Ontario, N2H 2Z6

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$93,576.40

Average Number of Children

1.77

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.31 %

High school certificate or equivalent

25.59 %

Apprenticeship trade certificate/diploma

4.02 %

College/non-university certificate

23.37 %

University certificate (below bachelor)

1.33 %

University Degree

26.37 %

Commuter

Travel To Work

By Car

77.38 %

By Public Transit

9.1 %

By Walking

5.96 %

By Bicycle

0.56 %

By Other Methods

7.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

53.26 %

Houses

46.74 %

Own Vs. Rent

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