1 of 26 - 58 Madison Avenue N, Kitchener, Ontario
2 of 26 - 58 Madison Avenue N, Kitchener, Ontario
3 of 26 - 58 Madison Avenue N, Kitchener, Ontario
4 of 26 - 58 Madison Avenue N, Kitchener, Ontario
5 of 26 - 58 Madison Avenue N, Kitchener, Ontario
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58 Madison Avenue N, Kitchener, Ontario

$2,650,000

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12

Beds

12

Baths

8,750

Square feet

About 58 Madison Avenue N

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:6289)

Features of 58 Madison Avenue N

Listing # 40731112
Price $2,650,000
Bedrooms 12
Bathrooms 12.00
Square Footage 8,750
Acres 0.00
Type Multi-family
Sub-Type Freehold

Community Information

Address 58 Madison Avenue N
Subdivision 212 - Downtown Kitchener/East Ward
City Kitchener
Province Ontario
Postal Code N2H2Z6

Amenities

Amenities Hospital, Park, Playground, Schools, Shopping
Features Laundry- Coin operated
Parking Spaces 12
Parking Visitor Parking
Is Waterfront No
Has Pool No

Interior

Heating Radiant heat
Cooling None
Fireplace No
# of Stories 3
Has Basement No

Exterior

Exterior Brick, Concrete
Construction Concrete block, Concrete Walls

Listing Details

OfficeColdwell Banker Peter Benninger Realty

Listing Map

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