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

×

    For Sale - 58 Madison Avenue, Kitchener, Ontario

    Est payment $12,000/mo
    Get pre-qualified
    Views   4
    Time on Jump  89 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

    ASAP

    Tue

    20

    Oct

    Wed

    21

    Oct

    Thu

    22

    Oct

    Fri

    23

    Oct

    Sat

    24

    Oct

    Sun

    25

    Oct

    Mon

    26

    Oct

    Tue

    27

    Oct

    Wed

    28

    Oct

    Thu

    29

    Oct

    Fri

    30

    Oct

    Sat

    31

    Oct

    Sun

    1

    Nov

    Sun

    1

    Nov

    Mon

    2

    Nov

    Tue

    3

    Nov

    Wed

    4

    Nov

    Thu

    5

    Nov

    Fri

    6

    Nov

    Sat

    7

    Nov

    Sun

    8

    Nov

    Mon

    9

    Nov

    Tue

    10

    Nov

    Wed

    11

    Nov

    Thu

    12

    Nov

    Fri

    13

    Nov

    Sat

    14

    Nov

    Sun

    15

    Nov

    Mon

    16

    Nov

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    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.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    920 Thomas Pedder Court
    Kitchener, Ontario.
    6 Beds | 5 Baths
    $2,250,000
    44 Pioneer Ridge Drive
    Kitchener, Ontario.
    5 Beds | 3 Baths
    $2,495,000
    38 River Valley Drive
    Kitchener, Ontario.
    5 Beds | 6 Baths
    $2,495,000
    459 Deer Ridge Drive
    Kitchener, Ontario.
    4 Beds | 4 Baths
    $2,349,999
    245 Joseph Schoerg Crescent
    Kitchener, Ontario.
    5 Beds | 5 Baths
    $2,350,000
    Loading...
    58 Madison Avenue
    Kitchener , Ontario
    $2,499,000
    Get more info