$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.

Inclusions: None,All In-Suite Appliances, Water Softener, New Boiler. All In As In Condition.

Exclusions : All Tenant Belongings, Including Window Coverings.

Building Features:

  • Floor Space: 7500 Square Feet

Property Features:

  • Bedrooms: 23
  • Acres Range: < 0.5
  • Basement: Partial, Unfinished
  • Construction Materials: Brick, Cement Siding, Concrete
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open
  • Floor Space (approx): 7500 Square Feet
  • Heating: Baseboard
  • Laundry Features: Coin Operated
  • Lot Features: Rectangular, Highway Access, Hospital, Park, Public Transit, Quiet Area, Shopping Nearby
  • Lot Frontage: 75.00 Feet
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: C3
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 12

Courtesy of: Royal LePage Wolle Realty

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