58 Madison Avenue N Kitchener, ON N2H 2Z6
12 Beds
12 Baths
8,750 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,750 sqft
Price per Sqft $337
MLS Listing ID 40731112
Bedrooms 12
Abv Grd Liv Area 8,750
Annual Tax Amount $28,367
Property Sub-Type Multi Family
Source Cornerstone
Property Description
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.
Location
Province ON
County Waterloo
Area 2 - Kitchener East
Zoning CR-A, 18H
Direction Corner of Madison Ave. N. and Weber Street E.
Rooms
Basement Walk-Up Access, Full, Unfinished
Kitchen 0
Interior
Interior Features Separate Heating Controls, Separate Hydro Meters
Heating Radiant
Cooling None
Fireplace No
Appliance Dryer, Refrigerator, Stove, Washer
Laundry Coin Operated
Exterior
Roof Type Metal
Lot Frontage 60.0
Lot Depth 143.0
Garage No
Building
Lot Description City Lot, High Traffic Area, Hospital, Library, Open Spaces, Park, Playground Nearby, Public Parking, Rec./Community Centre, Schools, Shopping Nearby
Faces Corner of Madison Ave. N. and Weber Street E.
Story 3
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 3
Structure Type Brick,Block
New Construction No
Others
Senior Community false
Tax ID 225100110
Ownership Freehold/None
