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$2,950,000
58 MADISON Avenue N
Kitchener, Ontario, Ontario, N2H2Z6
MLS® Number: 40731112
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.
Building information
Basement Development
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Land information
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Courtesy of Coldwell Banker Peter Benninger Realty
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