50 GORDON Avenue

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.

How this listing prices against Downtown Kitchener/East Ward.

Downtown Kitchener/East Ward had 9 sales and 83 active listings, making it one of the looser markets in the city. The average sale price was $703,767, close to the city median, but homes took 37 days to sell and closed at 96.65 percent of list, which signals slower absorption. This neighbourhood is clearly split between a firmer freehold segment and a much heavier condo inventory. Buyers have choice here, especially in apartments.

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