ON > Kitchener > 212 - Downtown Kitchener-East Ward
Kitchener, ON N2H2Z6,58 MADISON Avenue N
Kitchener, ON N2H2Z6,58 MADISON Avenue N
Kitchener, ON N2H2Z6,58 MADISON Avenue N
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$2,950,000
Est. payment /mo
12 Beds
12 Baths
8,750 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 8,750 sqft

Price per Sqft $337

Subdivision 212 - Downtown Kitchener/East Ward

MLS® Listing ID 40731112

Bedrooms 12

Property Sub-Type Freehold

Source Cornerstone Association of Realtors

Property Description

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:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Radiant heat

Cooling None

Exterior

Parking Features No

Community Features High Traffic Area, Community Centre

View Y/N No

Total Parking Spaces 12

Private Pool No

Building

Story 3

Sewer Municipal sewage system

Others

Ownership Freehold

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Listed by Coldwell Banker Peter Benninger Realty

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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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