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Home ON Kitchener - Cambridge - Waterloo Kitchener King East
58 MADISON Avenue N
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58 MADISON Avenue N $2,950,000
$2,950,000
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58 MADISON Avenue N
Kitchener, Ontario N2H2Z6

MLS® Number: 40731112
12
Bedrooms
12
Bathrooms
8750
Square Feet

Listing 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. (69082275)

Location Description

Corner of Madison Ave. N. and Weber Street E.

Property Summary

Property Type
Multi-family
Storeys
3
Square Footage
8750 sqft
Subdivision Name
212 - Downtown Kitchener/East Ward
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$28,367
Parking Type
Visitor Parking
Time on REALTOR.ca
36 days

Building

Bathrooms
Total
12
Interior Features
Basement Type
Full (Unfinished)
Building Features
Features
Laundry- Coin operated
Construction Material
Concrete block, Concrete Walls
Total Units
12
Heating & Cooling
Cooling
None
Heating Type
Radiant heat
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Concrete
Neighbourhood Features
Community Features
High Traffic Area, Community Centre
Amenities Nearby
Hospital, Park, Playground, Schools, Shopping
Parking
Parking Type
Visitor Parking
Total Parking Spaces
12

Measurements

Square Footage
8750 sqft
Above Grade Finished
8750 sqft
Source: Other

Land

Lot Features
Frontage
60 ft
Land Depth
143 ft
Other Property Information
Zoning Description
CR-A, 18H
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2

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