50 GORDON AVENUE, Kitchener, Ontario, N2H 1N8

MLS® # X12444952

Investment For Sale In Central Frederick, Kitchener, Ontario

$2,980,000

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50 Gordon Avenue, Kitchener, ON - Outdoor

50 Gordon Avenue, Kitchener, ON - Outdoor With Balcony

50 Gordon Avenue, Kitchener, ON - Outdoor With Facade

50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Laundry Room

50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Other Room

50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Basement

50 Gordon Avenue, Kitchener, ON - Indoor

50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Bathroom

50 Gordon Avenue, Kitchener, ON - Indoor Photo Showing Kitchen With Double Sink

50 Gordon Avenue, Kitchener, ON - Photo Showing Other Room

50 Gordon Avenue, Kitchener, ON - Outdoor With Exterior

50 Gordon Avenue, Kitchener, ON - Outdoor With Balcony With Exterior

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50 GORDON AVENUE, Kitchener, Ontario, N2H 1N8

$2,980,000

Property Information:

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. (id:7525)

Building Features:

Style: Multiplex
Building Type: Multi-Family
Floor Space: 11700 sqft
Heating Type: Baseboard heaters
Cooling Type: None
Appliances: Water softener

Property Features:

Property Type: Multi-family
Amenities Nearby: Public Transit
Floor Space (approx): 11700 Square Feet
Irregular: Yes
Lot Depth: 162.0 Feet
Lot Frontage: 75.0 Feet
Lot Size: Bldg=75 x 162 FT
Zoning: C3
No. of Parking Spaces: 12

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Notes:

Yaneth Siliezar

Real Estate Agent Royal LePage Wolle Realty , Brokerage*

Office:519.747.2040

Fax:519.747.2081

View All of Yaneth's Listings

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Market Price Trends

Location of 50 GORDON AVENUE, Kitchener, Ontario, N2H 1N8

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

52/100

Moderate

ClimateCheck®

Current data

This property, 50 GORDON AVENUE , experiences 7 hot days per year at around 30.8 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.3 degrees Celsius.

Projected Avg. Temperature

Past

30.8℃

2050

34.3℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

64/100

Moderate-High

ClimateCheck®

Current data

This property, 50 GORDON AVENUE , experiences 11 significant 2-day storms per year, with about 320.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 397.8mm of precipitation per year.

Precipitation Per Storm

Past

320.2mm

2050

397.8mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 50 GORDON AVENUE, Kitchener, Ontario, N2H 1N8

Life Stage

Later Years

Employment Type

Service Sector/White Collar

Average Household Income

$143,049.54

Average Number of Children

1.67

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.2 %

High school certificate or equivalent

25.17 %

Apprenticeship trade certificate/diploma

5.1 %

College/non-university certificate

20.77 %

University certificate (below bachelor)

1.17 %

University Degree

33.59 %

Commuter

Travel To Work

By Car

80.18 %

By Public Transit

7.42 %

By Walking

5.13 %

By Bicycle

2.02 %

By Other Methods

5.25 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

45.58 %

Houses

54.42 %

Own Vs. Rent

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50 GORDON AVENUE, Kitchener, Ontario, N2H 1N8 $2,980,000 MLS® # X12444952