50 Gordon Avenue
50 Gordon Avenue
$2,980,000
$255/sq ft · 1 days on market
About This Listing
Excellent opportunity to acquire a 12-unit multi-residential investment property in the strong and growing Kitchener rental market. Located at 50 Gordon Ave., Kitchener, this purpose-built apartment building features 11 two-bedroom units and 1 one-bedroom unit, offering a desirable mix for today's rental market. Each unit includes dedicated parking, a private balcony, and its own hydro meter, providing attractive features for tenants while helping manage operating costs. Ideally situated just minutes from Downtown Kitchener, the property is close to public transit, schools, shopping, restaurants, and major employment centers. Its convenient location, combined with the continued growth of the Kitchener-Waterloo region, supports strong and consistent rental demand. This property presents an opportunity to acquire an established income-producing asset with long-term value-add potential. Future upside may be achieved through selective unit modernization, improvements to the property, and rental growth over time. A compelling opportunity for investors looking to add a 12-unit apartment building to their portfolio in one of Ontario's growing rental markets.
| Monthly Mortgage (P&I) | $12,984 |
| Property Tax (MLS) | $2,413 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $15,396 |
Down payment: $596,000 (20.0%) · Mortgage: $2,384,000
Property tax uses MLS annual tax of $28,951/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by ROYAL LEPAGE WOLLE REALTY
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Data last updated: August 23, 2026 at 06:27 a.m.