Space
Finished area and layout
- Living Area
- 8,712 sqft
- Above Grade
- 8,750 sqft (Other)
- Finished Breakdown
- Above 8,750 sqft
- Building Area
- 8,750 sqft
- Bedrooms
- 1
- Bathrooms
- 1
+10 more
1
Bedrooms
1
Bathrooms
8,712 sqft
Living Area
8,712 ac
Lot
12
Parking
Property Snapshot
Key details for this listing
MLS #X13485394
Property
Type, style and structure
- Type
About This Property
This 1-bedroom, 1-bathroom multi-family in Kitchener offers 8,712 sqft of living area on a 8,712 ac lot. 3 storeys. The property has lot dimensions of 8712. The home features radiator heating, none.
MLS Remarks
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:60351)
Full Listing Details
Address58 MADISON AVENUE N
MLS#X13485394
Listing StatusActive
Property TypeResidential
Sub-TypeMulti-family
TransactionSale
List DateJun 23, 2026
Days on Market124
Common InterestFreehold
Annual Tax$30,351 (2025)
Parking12
Possession DetailsTenanted
Structure TypeMulti-Family
AttachedAttached
StyleMultiplex
Bedrooms1
Bathrooms1
Living Area8,712 sqft
Above Grade Area8,750 sqft (Other)
Stories3
CityKitchener
ProvinceOntario
Postal CodeN2H2Z6
Subdivision212 - Downtown Kitchener/East Ward
Lot Size8,712 ac
Lot Dimensions8712
Frontage60.0 feet
Zoning DetailsSGA-2
Total Parking12
HeatingRadiator
CoolingNone
Water SourceMunicipal water
Annual Tax$30,351 (2025)
Business TypeApts - 6 To 12 Units
Cross Streets: Weber. ** Directions: Corner of Weber and Madison Ave.
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