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For saleMLS® X13699040

50 Gordon Avenue, Kitchener, ON N2H 1N8

$2,980,000

$255 / sq ft

2 months on market

Total area
11,700.36 sf
Lot
75 × 162 ft

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About this property

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.

Property details

Property

Property type
investment
Interior size
11,700.36 sq ft
Lot size
75 × 162 ft
Zoning
C3
Possession
Flexible

Interior

Heating
Baseboard
Cooling
No

Costs

List price
$2,980,000
Property taxes
$28,951 / year (2025)
Price per sq ft
$255

Listing

MLS® number
X13699040
Status
For sale
Listed
August 21, 2026
Days on market
76
Last updated
August 21, 2026
Listing brokerage
ROYAL LEPAGE WOLLE REALTY

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

Mortgage estimate

Down payment20.0% · minimum $596,000
$596,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$13,181.55
Property tax (est.)
$2,412.61
Estimated monthly
$15,594

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$60,975
Total due on closing
$60,975

An estimate on the asking price of $2,980,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of ROYAL LEPAGE WOLLE REALTY. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$2,980,000

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