58 MADISON Avenue N, Kitchener, Ontario, N2H 2Z6

MLS® # 40731112

Investment For Sale In King East, Kitchener, Ontario

$2,650,000

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58 Madison Avenue N, Kitchener, ON - Outdoor

View of obstructed view of property - 58 Madison Avenue N, Kitchener, ON - Outdoor

View of front of house featuring brick siding - 58 Madison Avenue N, Kitchener, ON - Outdoor

58 Madison Avenue N, Kitchener, ON - Indoor Photo Showing Other Room

58 Madison Avenue N, Kitchener, ON - Indoor Photo Showing Laundry Room

58 Madison Avenue N, Kitchener, ON - Photo Showing Other Room

58 Madison Avenue N, Kitchener, ON - Other

58 Madison Avenue N, Kitchener, ON - Indoor Photo Showing Garage

58 Madison Avenue N, Kitchener, ON - Indoor Photo Showing Basement

Kitchen with freestanding refrigerator, electric panel, a desk, dark brown cabinets, and light tile patterned floors - 58 Madison Avenue N, Kitchener, ON - Indoor

Kitchen featuring stainless steel appliances, dark countertops, light tile patterned flooring, dark brown cabinets, and decorative backsplash - 58 Madison Avenue N, Kitchener, ON - Indoor Photo Showing Kitchen

Full bath with tile patterned floors, shower / tub combo with curtain, and vanity - 58 Madison Avenue N, Kitchener, ON - Indoor Photo Showing Bathroom

Living area with radiator heating unit, wood finished floors, and a textured ceiling - 58 Madison Avenue N, Kitchener, ON - Indoor Photo Showing Living Room

Half bathroom featuring radiator heating unit, vanity, plenty of natural light, and tile patterned flooring - 58 Madison Avenue N, Kitchener, ON - Indoor Photo Showing Bathroom

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58 MADISON Avenue N, Kitchener, Ontario, N2H 2Z6

$2,650,000

Property Information:

Exceptional Investment Opportunity – Turn-Key Multi-Family Asset Near Downtown Kitchener. Discover a premier investment generating approximately $203,000 in gross annual rental income. Renovated in 2015, this meticulously maintained property offers a seamless blend of modern finishes and classic character, featuring twelve self-contained one-bedroom units in a sought-after rental location. Situated just steps from schools, hospitals, transit, and downtown amenities, this high-demand area boasts a Walk Score of 97 – a true Walker’s Paradise. In 2015 this building had a major overhaul with all new windows, doors, kitchens, appliances, full electrical and plumbing upgrades as well as a steel roof. Surrounded by high-density redevelopment, this asset holds strong current value and promising future appreciation potential – making it ideal for land banking while collecting attractive rental returns. Just one property away from Weber Street, it’s perfectly positioned for investors seeking a turn-key, low-maintenance asset minutes from the heart of Downtown Kitchener. (id:27)

Building Features:

Style: Multiplex
Basement Development: Unfinished
Basement Type: Full
Construction Material: Concrete block, Concrete Walls
Exterior Finish: Brick, Concrete
Floor Space: 8750 sqft
Heating Type: Radiant heat
Cooling Type: None

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Bedrooms: 12
Bathrooms: 12
Amenities Nearby: Hospital, Park, Playground, Schools, Shopping
Community Features: High Traffic Area, Community Centre
Features: Laundry- Coin operated
Floor Space (approx): 8750 Square Feet
Lot Depth: 143 Feet
Lot Frontage: 60 Feet
Zoning: CR-A, 18H
Sewer: Municipal sewage system
Parking Type: Visitor parking
No. of Parking Spaces: 12

Courtesy of: Coldwell Banker Peter Benninger Realty, COLDWELL BANKER PETER BENNINGER REALTY

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Market Price Trends

Location of 58 MADISON Avenue N, Kitchener, Ontario, N2H 2Z6

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

52/100

Moderate

ClimateCheck®

Current data

This property, 58 MADISON Avenue N , experiences 7 hot days per year at around 30.8 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.3 degrees Celsius.

Projected Avg. Temperature

Past

30.8℃

2050

34.3℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

64/100

Moderate-High

ClimateCheck®

Current data

This property, 58 MADISON Avenue N , experiences 11 significant 2-day storms per year, with about 320.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 397.8mm of precipitation per year.

Precipitation Per Storm

Past

320.2mm

2050

397.8mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 58 MADISON Avenue N, Kitchener, Ontario, N2H 2Z6

Life Stage

Later Years

Employment Type

Service Sector

Average Household Income

$93,576.40

Average Number of Children

1.77

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

19.31 %

High school certificate or equivalent

25.59 %

Apprenticeship trade certificate/diploma

4.02 %

College/non-university certificate

23.37 %

University certificate (below bachelor)

1.33 %

University Degree

26.37 %

Commuter

Travel To Work

By Car

77.38 %

By Public Transit

9.1 %

By Walking

5.96 %

By Bicycle

0.56 %

By Other Methods

7.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

53.26 %

Houses

46.74 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Market Price Trends

Location of 58 MADISON Avenue N, Kitchener, Ontario, N2H 2Z6

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 58 MADISON Avenue N, Kitchener, Ontario, N2H 2Z6

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

58 MADISON Avenue N, Kitchener, Ontario, N2H 2Z6

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing