22
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$2,950,000
Est. payment /mo
8,750 SqFt
New
58 Madison AVE N Kitchener, ON N2H 2Z6
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 8,750 sqft
Price per Sqft $337
MLS Listing ID X12166338
Annual Tax Amount $28,367
Tax Year 2024
Property Sub-Type Investment
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 Walkers 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, its perfectly positioned for investors seeking a turn-key, low-maintenance asset minutes from the heart of Downtown Kitchener.
Location
Province ON
County Waterloo
Area Waterloo
Zoning CR-1, 18H
Interior
Cooling No
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 60.0
Lot Depth 143.0
Listed by COLDWELL BANKER PETER BENNINGER REALTY