58 Madison Avenue N Kitchener, ON N2H 2Z6
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,750 sqft
Price per Sqft $285
MLS Listing ID 40842342
Bedrooms 1
Abv Grd Liv Area 8,750
Annual Tax Amount $30,351
Property Sub-Type Multi Family
Source Cornerstone
Property Description
Financially, Madison Place delivers immediate, stable cash flow with $17,475 in monthly in-place rents. Operating expenses are strategically minimized through individually metered hydro, tenant-paid electric baseboard heating, and flat-rate hydro inclusions in select units. With 12 self-contained one-bedroom suites, a common coin-operated laundry room, and 10 dedicated parking spots, the property offers a highly efficient, low-maintenance profile ideal for passive investors or scaling landlords seeking immediate yield.
Located minutes from ION light rail, downtown Kitchener, University of Waterloo, and major healthcare hubs, this asset sits in a proven rental demand zone with sustained population growth and constrained multi-family inventory. This is a rare opportunity to acquire a fully refreshed, cash-flowing building with negligible near-term capital expenditure required. Secure your position in one of Ontario's most resilient real estate markets
Location
Province ON
County Waterloo
Area 2 - Kitchener East
Zoning SGA-2
Direction Corner of Madison Ave. N. and Weber Street E.
Rooms
Basement Walk-Up Access, Full, Unfinished
Kitchen 0
Interior
Interior Features Separate Heating Controls, Separate Hydro Meters
Heating Radiator
Cooling None
Fireplace No
Appliance Microwave, Dryer, Refrigerator, Stove, Washer
Laundry Coin Operated
Exterior
Roof Type Metal
Lot Frontage 60.0
Lot Depth 142.0
Garage No
Building
Lot Description City Lot, High Traffic Area, Hospital, Library, Open Spaces, Park, Playground Nearby, Public Parking, Rec./Community Centre, Schools, Shopping Nearby
Faces Corner of Madison Ave. N. and Weber Street E.
Story 3
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 3
Structure Type Brick,Block
New Construction No
Others
Senior Community No
Tax ID 225100110
Ownership Freehold/None
GET MORE INFORMATION