58 Madison Av N - Apartments FOR SALE


Kitchener, ON N2H 2Z6- Kitchener Central
$2,950,000 CAD
519-743-5211
58 Madison Av N, Kitchener, ON for Sale
$2,950,000 CAD
Apartments - FOR SALE
1/4
null | Request Cap Rate

58 Madison Av N
Kitchener, ON N2H 2Z6
Kitchener Central


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,950,000 CAD

PRICE/SF

$337 CAD /SF

# OF UNITS

12

PRICE/UNIT

$245,833

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1980

PARKING SPACES

12

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CR-A, 18H

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Eric FreyColdwell Banker Commercial Peter Benninger RealtyMore Info
519-743-5211

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Eric FreyColdwell Banker Commercial Peter Benninger RealtyMore Info
519-743-5211

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.