58 Madison Avenue N Kitchener, Ontario N2H 2Z6
$2,950,000
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:43503)
Property Details
| MLS® Number | 40731112 |
| Property Type | Multi-family |
| Neigbourhood | King East |
| Amenities Near By | Hospital, Park, Playground, Schools, Shopping |
| Community Features | High Traffic Area, Community Centre |
| Features | Laundry- Coin Operated |
| Parking Space Total | 12 |
Building
| Bathroom Total | 12 |
| Bedrooms Total | 12 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Construction Material | Concrete Block, Concrete Walls |
| Cooling Type | None |
| Exterior Finish | Brick, Concrete |
| Heating Type | Radiant Heat |
| Stories Total | 3 |
| Size Interior | 8,750 Ft2 |
| Utility Water | Municipal Water |
Parking
| Visitor Parking |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Playground, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 143 Ft |
| Size Frontage | 60 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Cr-a, 18h |
https://www.realtor.ca/real-estate/28351163/58-madison-avenue-n-kitchener
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May 22 2025 07:59:30
Waterloo Region Association of REALTORS®
Coldwell Banker Peter Benninger Realty