22 days on Market

50 Gordon Ave, Kitchener, Ontario N2H 1N8

Other
-
-
~11700.36 sqft
$2,995,000
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Other
-
-
~11700.36 sqft

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Highlights

Property Estimate

Days on market22 days

Estimated valueNot available

Price/Sqft$255/sqft

Monthly cost

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CMA Subject Property

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+3

Properties sold*

$850K

Median sold price*

*Based on last 30 days

Description

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.


Property Details

StyleApartment
View-
Age of property-
SqFt~11700.36 SqFt
Lot Size12,150 SqFt(162 x 75)
Parking Spaces12
MLS ®NumberX12444952
Community NameCentral Frederick
Data SourceTRREB
Listing byROYAL LEPAGE WOLLE REALTY

Features

Heating: Baseboard
Cooling: N

Features

Lot size: 12,150 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 12


Market Data - Central Frederick

Geo Zone Map ThumbnailCentral Frederick

Seller's Market

View Market Data

Other - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

18 days

Compared to

2024

44 days

2023

10 days

2022

31 days

New Listings

Past 30 days

7 listings

Compared to

2024

5 listings

2023

5 listings

2022

4 listings

Units sold

Past 30 days

4 units

Compared to

2024

3 units

2023

2 units

2022

2 units

Median Sold Price

Past 30 days

$526,500

Compared to

2024

$850,000

2023

$687,500

2022

$860,000


Population and Demographics

Overview

Total population 3329
Average household income $142,649

Age (%)

0 to 19
18%
20 to 34
24%
35 to 49
21%
50 to 64
21%
65 and plus
17%

Household composition (%)

Single family
54%
Single person
41%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
90%
Others
4%
German
2%
Spanish
2%

House tenancy (%)

Owners
54%
Renters
46%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget