58 Madison Avenue N Kitchener, Ontario N2H 2Z6

$2,499,000

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 $17,475 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:19593)

Property Details

MLS® Number	40842342
Property Type	Multi-family
Amenities Near By	Hospital, Park, Playground, Schools, Shopping
Community Features	High Traffic Area, Community Centre
Features	Laundry- Coin Operated
Parking Space Total	12

Building

Bathroom Total	1
Bedrooms Total	1
Appliances	Microwave
Basement Development	Unfinished
Basement Type	Full (unfinished)
Construction Material	Concrete Block, Concrete Walls
Cooling Type	None
Exterior Finish	Brick, Concrete
Stories Total	3
Size Interior	8,750 Ft2
Utility Water	Municipal Water

Parking

Open

Land

Acreage	No
Land Amenities	Hospital, Park, Playground, Schools, Shopping
Sewer	Municipal Sewage System
Size Depth	142 Ft
Size Frontage	60 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	Sga-2

https://www.realtor.ca/real-estate/29942112/58-madison-avenue-n-kitchener