50 GORDON Avenue
Kitchener, Ontario
23 bed • 12 bath • Multi-family
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.
Price History
Schools
Elementary
- Suddaby Public School0.4 km
Public · Waterloo Region DSB · 505 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 58% met the provincial standard
- St Anne Catholic Elementary School0.9 km
Catholic · Waterloo CDSB · 750 students
Grade 3 reading: 68% met the provincial standard · Grade 6 math: 45% met the provincial standard
- Margaret Avenue Public School0.9 km
Public · Waterloo Region DSB · 310 students
Secondary
- Cameron Heights Collegiate Institute1.2 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% met the provincial standard
- Rosemount - U Turn School2 km
Public · Waterloo Region DSB
- Eastwood Collegiate Institute2.3 km
Public · Waterloo Region DSB · 1270 students
Grade 10 literacy: 84% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2H
- Population
- 22,456
- Private dwellings
- 11,453
- Median age
- 38.4
- Average household size
- 2.1
- Median household income
- $73,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,935
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,935 recorded sales of multi-family properties in Kitchener over the last 12 months.
Location
Mortgage Calculator
$596,000
Estimated Monthly Payment
$14,640
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $14,640/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $745/mo
Estimates only. Consult a financial advisor.
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