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
Data was last updated August 21, 2026 at 07:50 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$679,900
Min list price:
$550,000
Max list price:
$2,499,000
Avg days on market:
57
Min days on market:
3
Max days on market:
133
Avg price per sq.ft.:
$318.39
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.