Brokered by: Coldwell Banker Peter Benninger Realty
MLS®: 40731112 (Freehold)
Price: $2,950,000.00
Address: 58 MADISON Avenue N, Kitchener FOR SALE Subdivision: 212 - Downtown Kitchener/East Ward Postal Code: N2H2Z6 Style: Bedrooms: 12 Bathrooms: 12 Parking: Visitor Parking Garage: Visitor Parking Lot Size: 60 ft x 143 ft Stories: 3
About 58 Madison Avenue N
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 Walker’s 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, it’s perfectly positioned for investors seeking a turn-key, low-maintenance asset minutes from the heart of Downtown Kitchener. (id:56071). Get more information on 58 Madison Avenue N
Property Features
Features: Laundry- Coin operated Rental Equipment: Directions: Corner of Madison Ave. N. and Weber Street E. Zoning Description: CR-A, 18H Interior Size: 8750 sqft Community Features: High Traffic Area, Community Centre Lot: under 1/2 acre Exterior Finish: Brick, Concrete Water: Municipal water, Municipal sewage system Heating / Cooling: / None Age: Construction: Concrete block, Concrete Walls Basement: Full (Unfinished) Unfinished
Rooms & Sizes
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John DiRenzo
Sales Representative RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490
John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.
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FOR SALE
FOR SALE
FOR SALE
FOR SALE
FOR SALE