$1,150,000
FOR SALE

Triplex 2 1/2 Storey

Bedrooms: 7Bathrooms: 6Lot: 50.8 x 103.17 ft
2025 Taxes: $8,479

54 Park St
Kitchener, ON N2G 1M3 | Waterloo

Fully occupied legal triplex in one of Downtown Kitchener's most sought-after investment pockets, offering an impressive 5.35% CAP rate and exceptional long-term upside. Ideally located just steps to Victoria Park and only a couple blocks from Downtown Kitchener, Google, the School of Pharmacy, and the Tannery, this is a prime, walkable location that continues to attract quality tenants and strong rental demand. This is not your typical cookie-cutter rental property. Originally built in 1923 and thoughtfully converted, this heritage home blends timeless character, exposed brick, architectural charm, and unique design elements with modern updates and amenities that today's tenants love. Comprised of three well-appointed and fully leased units, the property offers stable income from day one while providing investors with a standout asset that differentiates itself from ordinary purpose-built triplexes. The combination of strong financial performance, irreplaceable character, and unbeatable location makes this a rare opportunity for the savvy investor looking to own a truly special multi-residential property in the heart of the city.
Extras
Carpet Free, Primary Bedroom - Main Floor, Separate Hydro Meter, Separate Heating Controls, Storage, Water Heater, Water Softener
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Listed By Trilliumwest Real Estate Brokerage
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X12894010
Last Updated Mar 17, 2026
Property Summary
Property Type Triplex

More like this:
PIN 224290045
Legal Description LT 14 PL 104 KITCHENER; KITCHENER
Possession Date Flexible
Taxes (2025) $8,479
Directions/Cross Streets Victoria St.
Area Waterloo
Price History

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Detailed Information
Fronting On North
Special Designations Heritage
Bedrooms 7
Bathrooms 6
Lot 50.8 x 103.17 ft
Exterior Brick Front
Air Conditioning Central Air
Family Room Y
Fireplace/Stove Y
Basement Apartment
Garage Type None
Parking Spaces 3
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

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