Room 1
Level not provided
50 Gordon Avenue
Downtown Kitchener/East Ward, Kitchener, ON N2H 1N8
Description
Excellent opportunity to acquire a well-maintained 12-unit multi-residential investment property in the strong and growing Kitchener rental market. Located at 50 Gordon Ave., Kitchener, this purpose-built apartment building features 11 two-bedroom units and 1 one-bedroom unit, offering a desirable mix for today’s rental market. Each unit includes dedicated parking, a private balcony, and its own hydro meter, providing attractive features for tenants while helping manage operating costs. Ideally situated just minutes from Downtown Kitchener, the property is close to public transit, schools, shopping, restaurants, and major employment centers. Its convenient location, combined with the continued growth of the Kitchener-Waterloo region, supports strong and consistent rental demand. This property presents an opportunity to acquire an established income-producing asset with long-term value-add potential. Future upside may be achieved through selective unit modernization, improvements to the property, and rental growth over time. A compelling opportunity for investors looking to add a 12-unit apartment building to their portfolio in one of Ontario’s growing rental markets.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- 40857417
- Board
- Cornerstone (ITSO) MLS®
- Days on market
- Tax
- $28,951
- Size
- 7500 sqft
- Parking
- 12 Parking
Listing History
Listing activity for 50 Gordon Avenue, Kitchener, ON
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $2,980,000 | N/A | For Sale | 40857417 |
Property Details
Property
- Property Type
- Multi Family
- Style
- Other
- Community
- Downtown Kitchener/East Ward
- Municipality
- Kitchener
Inside
- Bedrooms
- 23
- Bathrooms
- 12
- Basement Type
- Partial, Unfinished
Utilities
- Water
- Municipal
- Cooling
- None
- Heating Type
- Baseboard
Building
- Size
- 7500 sqft
- Construction
- Brick, Cement Siding, Concrete
Parking
- Driveway
- Outside/Surface/Open
- Add. Parking
- 12
- Total Parking
- 12
Land
- Sewer
- Sewer (Municipal)
Additional
- Roof
- Asphalt Shing
- Extras
- Refrigerator, Stove
Rooms (12)
Room 2
Level not provided
Room 3
Level not provided
Room 4
Level not provided
Room 5
Level not provided
Room 6
Level not provided
Room 7
Level not provided
Room 8
Level not provided
Room 9
Level not provided
Room 10
Level not provided
Room 11
Level not provided
Room 12
Level not provided
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
14 records read 9 on record nearby 5 checked, none on recordRead 2026-11-07
Water and conservation
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m2 test or monitoring holes also recorded.
- Groundwater recorded about 5.2 m below ground nearbyThe middle water level in the well records within 500 m (59 records). It changes with the season and from spot to spot.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- Nearest airport: 6.5 km
Province of Ontario open data
Around the home
- Nearest rail line: 500 m
- A trail on the Ontario trail network within 1 km
Province of Ontario open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Wonder Brands Inc. — WonderBrands Kitchener, 660 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.
- 2 federal contaminated sites within 1 kmAll of them are closed. The federal inventory covers federal land only, not provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by Enova Power Corp.
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Netflash Internet Solutions, Rogers, Vianet, Waterloo Wireless, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$13,661
- Down payment$596,000
- Mortgage amount$2,384,000
- Total interest$1,714,300
- Total cost$4,694,300
Cash flow analysis
$13,661
Total monthly payment
$16,074
Break-even down payment
100%
Cash flow-$16,074
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$2,980,000
$2,980,000
CAD
Estimate unavailable
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