For Sale: 58 Madison Avenue N, Kitchener, ON - REW
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$2,499,000
0 bd • ba • 8712 sf • Multifamily
58 Madison Avenue N
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$2,499,000
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58 Madison Avenue NKitchener, ON, N2H 2Z6

  • 0 Bed
  • Bath
  • 8712 Sqft
  • Multifamily

About this home

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 (id:63626)
Listed by: Eric Frey, Salesperson, Coldwell Banker The Real Estate Centre

Home facts and features

Price details
List Price
$2,499,000
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Gross Taxes for 2025
$30,351
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Lot Size
60 ft x 0 ft (8711.98 acres)
Depth
Frontage
60.0 feet
Heating Type
Radiator
Agent details
Primary Agent
Eric Frey
Primary Broker
Coldwell Banker The Real Estate Centre
Listing details
Days on REW
75 Days
MLS® Number
X13485394
Source
Canadian Real Estate Association
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Property Insights

Cameron Heights Collegiate Institute
  • Public
  • 9 - 12
Suddaby Public School
  • Public
  • JK - 6
Sheppard Public School
  • Public
  • JK - 6
St Anne Catholic Elementary School
  • Catholic
  • JK - 8
Courtland Avenue Public School
  • Public
  • 7 - 8
St Don Bosco Catholic Secondary School
  • Catholic
  • 9 - 12
Margaret Avenue Public School
  • Public
  • 7 - 8
Smithson Public School
  • Public
  • JK - 6
St Bernadette Catholic Elementary School
  • Catholic
  • JK - 8
Queen Elizabeth Public School
  • Public
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Eric Frey
Cell:
519-729-3739
Office:
905-338-8877
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