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Basara.

Kitchener · Downtown Kitchener/East Ward · Multi-family · MLS# 40776124

50 GORDON Avenue

$2,980,000

23

bed

12

bath

7,500

sqft

Multi-family · $397/sqft

Ask an agent about this property

Listed October 3, 2025

About this home.

Excellent opportunity to acquire a stable multi-residential asset in a strong and growing rental market. 50 Gordon Ave. Kitchener is a purpose-built 12-unit apartment building consisting of 11 two-bedroom units and 1 one-bedroom unit. Each unit has a dedicated parking spot, balcony and their own hydro meter. ------- ------- ------- Situated just minutes from downtown Kitchener, close to public transit, schools, shopping and major employers, making it an attractive location for tenants. With Kitchener-Waterloo's strong rental demand and ongoing population growth, this property offers both immediate income and excellent long-term potential. ------ ------ ------ This is a rare opportunity to add a 12-unit investment property to your investment portfolio with value-add upside through modernization units and rental increase over time. (id:59491)

The full record.

Property typeMulti-family
Square footage7,500 sqft
Lot size0
Bedrooms23
Bathrooms12
HeatingBaseboard heaters
CoolingNone
ListedOctober 3, 2025

How this listing prices against Downtown Kitchener/East Ward.

11

Sales

$663,500

Median price

50

Days on market

97.3%

% of list

77

Active listings

N/A

Months supply

Read the full Kitchenerreport →

Estimate the monthly carry.

Down payment
%($596,000)
Mortgage rate
%
Amortization
years

Estimated monthly payment

$13,647

Principal$2,384,000
Total interest$1,709,951
Total paid$4,093,951

Estimate only. Excludes property tax, condo fees, and insurance.

Questions on this property?

Neso Basara

RE/MAX Icon Realty

Waterloo Region

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50 GORDON Avenue, Kitchener — $2,980,000