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

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    For Sale - 58 Madison Avenue, Kitchener, Ontario

    Est payment $12,000/mo
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    Views   4
    Time on Jump  69 day

    AI Summary *

    • Turnkey 12-unit income property in a high-demand rental area.
    • Fully renovated in 2015 with modern upgrades and classic charm.
    • Stable cash flow with $17,473.92 in monthly rental income.
    • Minimized operating expenses through individual metering and tenant-paid heating.
    • Located near downtown Kitchener and major transportation and healthcare hubs.




    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

    Subtype InvestmentHeating / Cooling Water Radiators

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    Listing Brokerage: COLDWELL BANKER THE REAL ESTATE CENTRE

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    58 Madison Avenue
    Kitchener , Ontario
    $2,499,000
    Get more info