Excellent opportunity to acquire a well-maintained 12-unit multi-residential investment property in the strong and growing Kitchener rental market.
Located at 50 Gordon Ave., Kitchener, this purpose-built apartment building features 11 two-bedroom units and 1 one-bedroom unit, offering a desirable mix for today’s rental market. Each unit includes dedicated parking, a private balcony, and its own hydro meter, providing attractive features for tenants while helping manage operating costs.
Ideally situated just minutes from Downtown Kitchener, the property is close to public transit, schools, shopping, restaurants, and major employment centers. Its convenient location, combined with the continued growth of the Kitchener-Waterloo region, supports strong and consistent rental demand.
This property presents an opportunity to acquire an established income-producing asset with long-term value-add potential. Future upside may be achieved through selective unit modernization, improvements to the property, and rental growth over time.
A compelling opportunity for investors looking to add a 12-unit apartment building to their portfolio in one of Ontario’s growing rental markets.
Property Type:
Residential Income
Property SubType:
Multi Family
Listing General Location:
212 - Downtown Kitchener/East Ward, 2 - Kitchener East
Bedrooms:
23
Bathrooms:
12.0
(Full:-/Half:-)
Lot Details:
75 x
Lot Frontage:
75'22.9 m
Kitchens:
0
County Or Parish:
Waterloo
Features:
Crops Included: No, Garage: No, New Construction: No
Construction:
Brick, Cement Siding, Concrete
Basement:
Partial, Unfinished
Roof:
Asphalt Shing
Number of Storeys:
3
Number of Buildings:
0
Total Floor Area:
7,500 sq. ft.697 m2
Finished Area Above Grade:
7,500 sq. ft.697 m2
Fireplace:
false
Laundry Features:
Coin Operated
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Cooling:
None
Heating:
Baseboard
Other
Refrigerator, Stove
Tenants Belongings
None
false
No
Major Intersections are Lancaster St. E and Frederick St.
No
HST Applicable To Sale Price:
No
Features:
Crops Included: No, Garage: No, New Construction: No
Zoning:
C3
Lot Site Features:
Rectangular, Highway Access, Hospital, Park, Public Transit, Quiet Area, Shopping Nearby
Features:
Crops Included: No, Garage: No, New Construction: No
# Of Total Parking Spaces:
12.0
# Of Open Parking Spaces:
12.0
Driveway Parking:
Outside/Surface/Open
Licensed Dwelling:
Yes
Num Apartment Units:
0
Num Bachelor Units:
0
Num Efficiency Units:
0
Num Loft Units:
0
Num Other Units:
0
Num Penthouse Units:
0
Num Studio Units:
0
Listed Date:
Aug 21, 2026
Brick exterior apartment building with multiple windows and a paved driveway
Three-story exterior featuring brick construction, multiple windows, and a landscaped green space
Additional content
Additional content
Spacious room featuring wood-finish flooring, light-colored walls, and a sliding glass door leading to a balcony with metal railings
Photo 6 of 25
Light wood-finish flooring with white walls and ceiling
White bathtub with an integrated shower, wood-finish flooring, a vanity with a drop-in sink, a large wall-mounted mirror, and tiled walls
Wood-finish flooring, white walls, built-in closet with sliding doors, and a double window
Data was last updated August 24, 2026 at 05:50 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$649,900
Min list price:
$550,000
Max list price:
$2,980,000
Avg days on market:
58
Min days on market:
2
Max days on market:
136
Avg price per sq.ft.:
$322.96
These statistics are generated based on the current listing's property type
and located in
212 - Downtown Kitchener/East Ward. Average values are
derived using median calculations. This data is not produced by
the MLS® system.