$2,499,000
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58 Madison Avenue N, Kitchener, ON N2H2Z6

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- Beds
0 Baths
8,750 Sq Ft

Discover Madison Place at 58 Madison Ave, a turnkey 12-unit income property strategically positioned in Kitcheners 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 buildings 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 Ontarios most resilient real estate markets (id:58753)

Listing By: Eric Frey - Coldwell Banker The Real Estate Centre
Source: CREA #40842357 Listing provided courtesy of Canadian Real Estate Association
  • MLS® 40842357
  • Date Listed06/23/2026
  • Days on Realty 142 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size -
  • Sewer Public Sewer
  • Subdivision 212 - Downtown Kitchener/East Ward
  • Property Type Mixed Use
  • Water Public
  • Square Feet 8,750 sq. ft
  • Price Per Sq. Ft $285.6

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

Corner of Madison Ave. N. and Weber Street E.

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N2H2Z6

Discover key demographics, population statistics, and environmental insights for the Kitchener, ON area.

Walkability in ON / N2H2Z6

Source: Walk Score

91/100

Walker's Paradise

Walk Score ®

63/100

Good Transit

Transit Score ®

78/100

Very Bikeable

Bike Score ®

Overview

Daily errands do not require a car. Many nearby public transportation options. Biking is convenient for most trips.

Transit Summary

16 nearby routes: 13 bus, 3 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 55/100, Transit Score: 45/100, Bike Score: 58/100.

Points of Interest near 58 MADISON Avenue N, Kitchener, ON N2H2Z6

Frequently Asked Questions for 58 MADISON Avenue N

Source: Realty.com

58 MADISON Avenue N, Kitchener, ON N2H2Z6 in 212 - Downtown Kitchener/East Ward, Kitchener, ON N2H2Z6 is a mixed use listed at $2,499,000. Highlights include 8,750 sq. ft., $286 per sq. ft.. Realty.ca has 14 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 14 photos of 58 MADISON Avenue N.

The full address for this home is 58 MADISON Avenue N, Kitchener, ON N2H2Z6.

58 MADISON Avenue N has been listed on Realty.com since Tue June 23, 2026

Daily errands do not require a car. Many nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 55/100, Transit Score: 45/100, Bike Score: 58/100.

Listing provided courtesy of: Coldwell Banker The Real Estate Centre
Listing agent: Eric Frey

This content last refreshed on 2026-11-12 05:52:45. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.