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
The home
- Type
- Investment
- Square footage
- 8712 sq ft
- Lot size
- 60.1 x 141.9 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Water Radiators
Garage & parking
- Garage
- Outside/Surface
- Total parking
- None
Taxes & other
- Property taxes
- $30,351/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Tenanted
- Cross street
- Weber
More
- MLS® number
- X13485394
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
Schools nearby
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Your commute
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Listing history for 58 Madison Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 58 Madison Avenue N
Answers come straight from this home’s MLS® listing.
How much is 58 Madison Avenue N listed for, and what would it cost each month?
58 Madison Avenue N is listed for $2,499,000. With 20% down ($499,800), the mortgage payment would be roughly $10,080 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $12,610 a month, all in. That figure is an illustration, not a quote.
Is 58 Madison Avenue N freehold or a condo, and is there a monthly fee?
58 Madison Avenue N is a investment in Kitchener. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 58 Madison Avenue N have a garage and parking?
Yes. The listing shows the garage as outside/surface. The listing does not include a parking space.
What style of home is 58 Madison Avenue N?
58 Madison Avenue N is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 58 Madison Avenue N, and what is the lot size?
The lot is listed as 60.1 x 141.9 ft.
How is 58 Madison Avenue N heated and cooled?
Heating is water radiators. The listing does not show air conditioning.
What are the property taxes for 58 Madison Avenue N?
Property taxes are $30,351 a year (2025), or about $2,529 a month.
Where is 58 Madison Avenue N?
58 Madison Avenue N is in Kitchener. The nearest main intersection is Weber. The postal code is N2H 2Z6.
Is 58 Madison Avenue N still for sale?
Yes. It is an active listing (MLS® X13485394). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 58 Madison Avenue N asking?
Similar properties for sale nearby right now include 50 Gordon Avenue at $2,980,000, 115 union Boulevard at $1,990,000 and 17 Weber Street W at $1,950,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 58 Madison Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 58 Madison Avenue N?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
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Courtesy of: COLDWELL BANKER THE REAL ESTATE CENTRE
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.