Two-story property featuring a dark gray exterior with white trim Features: fence, downspout, brick siding, gutters, curbs, entry steps, stoop

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Property Maps. Presenting aerial and street-level views of the property and its surrounding area

Hallway featuring patterned carpet tile flooring and a cast iron radiator Features: radiator, carpet, textured ceiling, tile floor, natural light, drywall, baseboards wall

Kitchen featuring wood-finish cabinetry, stainless steel appliances, subway tile backsplash, and light-toned tile flooring Features: backsplash, shaker cabinets, countertops, refrigerator, l shaped kitchen, tile floor, dark brown cabinets, drywall, sink, range oven, microwave

Living area featuring dark wood-finish flooring, a multi-pane window with blinds, and a traditional cast iron radiator Features: wood finish floor, natural light, smoke carbon monoxide detector, radiator, drywall, textured ceiling, baseboards wall

Dark wood-finish flooring extending into the main living space Features: natural light, textured ceiling, radiator, drywall, baseboards wall, wood finish floor

Bright bathroom featuring white tile flooring and a dark wood-finish vanity with an integrated sink Features: natural light, vanity, half bathroom, mirror, toilet, drywall, radiator, vent, sink, tile floor

Kitchen featuring dark wood-finish cabinetry, stainless steel appliances, white tile backsplash, and light tile flooring Features: backsplash, tile floor, sink, shaker cabinets, range oven, refrigerator, smoke carbon monoxide detector, drywall, microwave, dark brown cabinets, baseboards wall, countertops

Hallway featuring patterned carpet tile flooring, neutral wall paint, and white trim Features: vaulted ceiling, carpet, baseboards wall, drywall, natural light, textured ceiling, low ceiling

Kitchen featuring dark wood-finish cabinetry with brushed nickel hardware, stainless steel appliances, a white tile backsplash, and light-toned tile flooring Features: sink, countertops, shaker cabinets, backsplash, dark brown cabinets, drywall, range oven, refrigerator, tile floor, microwave, baseboards wall

Interior corridor featuring wood-finish flooring, white trim, and light-colored walls Features: drywall, wood finish floor, tile floor, range oven, refrigerator, baseboards wall

Bathroom with white ceramic tile flooring Features: mirror, radiator, drywall, sink, toilet, half bathroom, vanity, tile floor, natural light

Extensive plumbing system featuring multiple meters, copper piping, and a water pressure tank Features: concrete floor, water pressure tank, basement

Wall-mounted boiler system with extensive copper piping and related mechanical components Features: water heater, water expansion tank

Grey exterior with white trim, featuring decorative gable brackets and white-framed windows Features: stoop, curbs, entry steps, fence, brick siding, downspout, gutters

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For Sale - 58 Madison Avenue, Kitchener, Ontario

58 Madison Avenue

Kitchener , Ontario

$2,499,000

Est payment $12,000/mo

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Time on Jump 22 day

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Down Payment:
$ 124,950 ( 5% )

First Time Buyer:
Yes No

New Build:
Yes No

Discover madison place at 58 madison ave, a turnkey 12-unit income property strategically positioned in kitchener's high-demand rental corridor. Fully renovated in 2015, this meticulously maintained asset blends classic charm with modern, investor-ready upgrades. Every suite features newly installed pex plumbing, fully rewired electrical systems with updated sub-panels, energy-efficient windows, and commercial-grade fire-rated doors and stairwells. The building's mechanicals are equally impressive, including a north-side tankless boiler (2021), a reliable south-side boiler, and a durable galvanized steel roof installed just 15 years ago. Financially, madison place delivers immediate, stable cash flow with $17,473. 92 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

Listing IDX13485394

Address58 Madison Avenue

CityKitchener, Ontario

Price$2,499,000

StyleInvestment

TypeIndustrial/Commercial

StatusFor Sale

Extras

Subtype InvestmentHeating / Cooling Water Radiators

Market Info

Listing Agency:
COLDWELL BANKER THE REAL ESTATE CENTRE

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Listing Agency:
COLDWELL BANKER THE REAL ESTATE CENTRE

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For Sale - 58 Madison Avenue, Kitchener, Ontario

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