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50 Gordon Avenue Kitchener ON

📍 Kitchener, Ontario N2H 1N8

$2,980,000

Active
75×162LOT (FT)

📋 Listing Highlights

StatusActive
MLS®X12444952
ListedOct 4, 2025
Days on Market—
Property TypeCommercial
StyleInvestment
Cross StreetFrederick
PossessionFlexible
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📝 Listing 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

Property TypeCommercial
StyleInvestment

📐 Lot & Land

Lot Width75 ft
Lot Depth162 ft
Cross StreetFrederick

🔧 Building & Utilities

HeatingBaseboard
CoolingNo
GarageNone

💰 Financial

List Price$2,980,000
Annual Taxes$29,951.26 (2024)
PossessionFlexible

🧮 Mortgage Calculator

$596,000
Est. Monthly Payment
$14,640/mo
Principal: $2,384,000 · P+I only
Does not include taxes, insurance or CMHC

📍 Location

Listing provided by ROYAL LEPAGE WOLLE REALTYData via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #X12444952 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.