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 incredible potential for investors or owner-occupiers. Ideally located just minutes from the expressway and less than ten minutes to Downtown Kitchener, this property combines convenience and value. Situated on an oversized 53' x 163' lot, this triplex features three separately metered units, including one one-bedroom unit and two two-bedroom units, all in excellent condition. The vacant upper unit has been refreshed in 2025, featuring updated flooring, fresh paint, modern light fixtures, upgraded bathroom plumbing fixtures, and stylish black outlets throughout. The property has benefited from several improvements over the years, including a roof replacement in 2014, an updated furnace, vinyl windows, and upgraded eaves. The lower unit features above-grade windows, creating a bright and welcoming living space. The spacious lot also presents potential for an accessory dwelling unit (ADU), offering an excellent opportunity to maximize future returns. Additional highlights include a commercial coin-operated laundry system and ample private parking. With the upper two-bedroom unit now vacant, buyers have the flexibility to set new market rent or move in and enjoy homeownership while generating rental income. Don't miss this outstanding investment opportunity in a prime location! (id:47421)
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Detailed Information
Bedrooms
4+1
Bathrooms
3
Lot
53.5 x 162 ft
Equipment
Water Heater
Listing Contract Date
2025-03-05
Location Description
River Rd
# of Parking Spaces
4
Property Type
Multi-family
Rental Equipment
Water Heater
Structures
Porch
Transaction Type
For sale
Zoning Description
R5
Building
Amenities
Separate Electricity Meters
Appliances
Dryer, Stove, Washer, Refrigerator
Basement Development
Finished
Basement Features
Separate entrance
Basement Type
N/A (Finished)
Exterior Finish
Brick
Foundation Type
Concrete
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
Bathroom
Second level
2.46 m x 1.5 m
Bedroom
Second level
3.51 m x 3.17 m
Dining room
Second level
3.53 m x 2.16 m
Kitchen
Second level
3.71 m x 2.74 m
Living room
Second level
4.95 m x 3.53 m
Primary Bedroom
Second level
3.51 m x 3.17 m
Bathroom
Lower level
Measurements not available
Bedroom
Lower level
3.96 m x 3.15 m
Kitchen
Lower level
4.37 m x 3.66 m
Living room
Lower level
6.27 m x 3.63 m
Laundry room
Lower level
3.53 m x 3.1 m
Primary Bedroom
Main level
3.48 m x 3.15 m
Bathroom
Main level
2.41 m x 1.5 m
Bedroom
Main level
3.45 m x 3.15 m
Kitchen
Main level
3.73 m x 2.74 m
Living room
Main level
7.09 m x 2.74 m
Parking Spaces
Name
Spaces
No Garage
Land
Total Size
53.5 x 162 FT ; 162.32ftx11.53ftx42.26ftx169.14ftx53.5
Sewer
Sanitary sewer
Size of Irregular Land
53.5 x 162 FT ; 162.32ftx11.53ftx42.26ftx169.14ftx53.5
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