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50 Gordon Avenue
Kitchener Kitchener N2H 1N8

$2,980,000 /For Sale
Commercial

Main Photo: 50 Gordon Avenue in Kitchener: Commercial for sale : MLS®# X13699040
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13699040
Bus Major:
Apts - 6 To 12 Units
Excellent opportunity to acquire a 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:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
11700 sq. ft. Square Feet
Total Area:
11,700.36 sq. ft.
Lot Depth:
162'
Lot Frontage:
75'
Water supply:
Municipal
Zoning:
C3
Heating type:
Baseboard
Garage:
None
Parking Spaces:
12
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$28,951.26 / 2025
Assessment:
$- / -
Waterloo
Kitchener
Public Transit
Tenants Belongings
Utilities:
Available
Energy Certification:
No
Green Property Information Statement:
Yes
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
Aug 21, 2026
Original Price:
Previous Price:
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Listed by ROYAL LEPAGE WOLLE REALTY
Data was last updated August 21, 2026 at 06:15 AM (UTC)
DARYL  KING
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Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

  • Multiple rental units generate consistent monthly income
  • Economies of scale make property management more efficient
  • Opportunity to increase property value through renovations and upgrades
  • High demand for rental housing in urban and suburban markets

What to Look for in Apartment Buildings for Sale

When evaluating apartment buildings for sale, consider:

  • Vacancy rates and tenant demand in the area
  • Location and proximity to transit, schools, and employment hubs
  • Building condition, age, and potential maintenance costs
  • Current rental income and future appreciation potential

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.