58 Madison Ave N

For Sale 106 Days
$2,950,000
12 beds
12 baths
8,750 Sqft

58 Madison Ave N

For Sale 106 Days
$2,950,000
12 beds
12 baths
8,750 Sqft

Highlights

Key insights

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. (id:63267)

ERIC FREY of Coldwell Banker Peter Benninger Realty,
#40731112
updated 2 weeks ago.
Houseful checked MLS® for data 2 weeks ago.

Home overview

Amenities / Utilities
  • Cooling
    None
  • Heat type
    Radiant heat
  • Sewer/ septic
    Municipal sewage system
Exterior
  • # total stories
    3
  • Construction materials
    Concrete block, concrete walls
  • # parking spaces
    12
Interior
  • # full baths
    12
  • # total bathrooms
    12.0
  • # of above grade bedrooms
    12
Location
  • Community features
    High traffic area, community centre
  • Subdivision
    212 - downtown kitchener/east ward
  • Directions
    1563901
Overview
  • Lot size (acres)
    0.0
  • Building size
    8750
  • Listing #
    40731112
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28351163/58-madison-avenue-n-kitchener
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-7,867

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