58 Madison Ave N, Kitchener, N2H 2Z6

Listing Overview

Description

Exceptional Investment Opportunity Turn-Key Multi-Family Asset Near Downtown Kitchener. Discover a premier investment generating approximately $203,000 in gross annual rental income. Renovated in 2015, this meticulously maintained property offers a seamless blend of modern finishes and classic character, featuring twelve self-contained one-bedroom units in a sought-after rental location. Situated just steps from schools, hospitals, transit, and downtown amenities, this high-demand area boasts a Walk Score of 97 a true Walkers Paradise. In 2015 this building had a major overhaul with all new windows, doors, kitchens, appliances, full electrical and plumbing upgrades as well as a steel roof. Surrounded by high-density redevelopment, this asset holds strong current value and promising future appreciation potential making it ideal for land banking while collecting attractive rental returns. Just one property away from Weber Street, its perfectly positioned for investors seeking a turn-key, low-maintenance asset minutes from the heart of Downtown Kitchener.

4 months

On Market

Investment

Property Type

$28,367 / Year

Est. Taxes

Apartment

Style

Apts-6 To 12 Units

Business Type

-

Franchise