$965,000
FOR SALE

Triplex

Bedrooms: 5Bathrooms: 3Lot: 54 x 162 ft

524 Krug Street
Kitchener, ON N2B 1L6

UPPER 2-BEDROOM UNIT NOW VACANT! Prime investment opportunity in the heart of Kitchener! Welcome to 524 Krug Street, a well-maintained legal triplex offering exceptional potential for savvy buyers. Ideally located just minutes from the expressway and under 10 minutes to Downtown Kitchener, this property combines convenience and value. Set on an oversized 53' x 163' lot, the property features three separately metered units: a one-bedroom unit and a pair of two-bedroom units, all in great condition. Updates include the roof (2014), furnace, vinyl windows, and eaves, providing peace of mind for future owners. The lower unit boasts above-grade windows, allowing natural light to create a bright and appealing living space, while the oversized lot offers potential for a future accessory dwelling to further maximize returns. Additional features include a commercial coin-operated laundry system and ample private parking. With the upper two-bedroom unit now vacant, this property offers immediate flexibility for setting new market rent for this unit or owner-occupancy. Contact us today to schedule your private showing and take advantage of this exceptional investment opportunity! (id:47421)
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Listed By Chestnut Park Realty Southwestern Ontario Limited, Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
Data Provided By Cornerstone - Waterloo Region
MLS® Listing Number 40681541
Last Updated Jan 10, 2025
Property Summary
Property Type Triplex

More like this:
Subdivision 224 - Heritage Park/Rosemount
Price History

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Detailed Information
Bedrooms 5
Bathrooms 3
Lot 54 x 162 ft
Amenities Nearby Golf Nearby, Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Community Features Community Centre
Equipment Water Heater
Features Southern exposure, Conservation/green belt, Paved driveway, Laundry- Coin operated
Listing Contract Date 2024-11-27
Location Description River Rd. E to Krug St.
Ownership Type Freehold
# of Parking Spaces 4
Property Type Multi-family
Rental Equipment Water Heater
Structures Porch
Transaction Type For sale
Zoning Description R5
Building
Appliances Water softener
Basement Development Finished
Basement Type Full (Finished)
Constructed Date 1957
Cooling Type None
Exterior Finish Brick Veneer
Fire Protection Unknown
Foundation Type Poured Concrete
Heating Fuel Natural gas
Heating Type Forced air
Stories Total 2
Type Triplex
Utility Water Municipal water
Land
Total Size under 1/2 acre
Access Type Highway access
Amenities Golf Nearby, Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Sewer Municipal sewage system

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