50 Gordon Avenue
Kitchener, Waterloo ON N2H 1N8
$2,980,000
Excellent opportunity to acquire a 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.
| Listing Key: | X13699040 |
|---|---|
| List Price: | $2,980,000 |
| Property Type: | Commercial |
| Property Sub Type: | Investment |
| Property Status: | Active |
| Bathrooms Total Integer: | 0 |
| Tax Annual Amount: | $28,951 |
| Waterfront?: | No |
| City: | Kitchener |
| Postal Code: | N2H 1N8 |
| Basement Yn: | No |
| Building Area Total: | 11700.36 |
| Building Area Units: | Square Feet |
| Business Type: | Apts - 6 To 12 Units |
| Community Features: | Public Transit |
| Contract Status: | Available |
| Cooling: | No |
| Cross Street: | Frederick St and Lancaster St |
| Ddfyn: | Yes |
| Exclusions: | Tenants Belongings |
| Freestanding Yn: | Yes |
| Garage Type: | None |
| Green Property Information Statement: | Yes |
| Heat Type: | Baseboard |
| Holdover Days: | 90 |
| Hst Application: | In Addition To |
| Listing Contract Date: | 2026-08-21 |
| Listing Key: | X13699040 |
| List Price Unit: | For Sale |
| Lot Depth: | 162.0 |
| Lot Size Units: | Feet |
| Lot Type: | Building |
| Lot Width: | 75.0 |
| Status: | New |
| Original List Price: | $2,980,000 |
| Parcel Number: | 223120080 |
| Parking Spaces: | 12 |
| Possession Date: | 2026-12-01 |
| Property Use: | Apartment |
| Roll Number: | 301202000625300 |
| State Or Province: | ON |
| Tax Type: | Annual |
| Tax Year: | 2025 |
| Transaction Type: | For Sale |
| Utilities: | Available |
| Water: | Municipal |
| Zoning: | C3 |
| Directions: | Major Intersections are Lancaster St. E and Frederick St. |
| Possession Type: | Flexible |
| Heat Type Multi: | Baseboard |
| County Or Parish: | Waterloo |
| City: | Kitchener |
Listing Courtesy of: ROYAL LEPAGE WOLLE REALTY
Listing Agent:
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Toronto Real Estate Board data last updated on October 08, 2026 05:13 PM - ET.
Property Last Updated: October 08, 2026 05:13 PM - ET







































