$1,150,000
FOR SALE

Triplex

Bedrooms: 6Bathrooms: 6Lot: 50 x 103 ft

54 Park Street
Kitchener, ON N2G 1M3

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. (id:47421)
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Listed By TrilliumWest Real Estate Brokerage
Data Provided By Cornerstone Association of REALTORS®
MLS® Listing Number 40811587
Last Updated Mar 16, 2026
Property Summary
Property Type Triplex

More like this:
Subdivision 313 - Downtown Kitchener/W. Ward
Price History

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Detailed Information
Bedrooms 6
Bathrooms 6
Lot 50 x 103 ft
Amenities Nearby Park, Playground, Public Transit
Equipment Water Heater
Features Paved driveway
Listing Contract Date 2026-03-16
Location Description Near Park St and Victoria st
Ownership Type Freehold
# of Parking Spaces 3
Property Type Multi-family
Rental Equipment Water Heater
Structures Shed, Porch
Transaction Type For sale
Zoning Description RES-4
Building
Appliances Water softener
Basement Development Partially finished
Basement Type Full (Partially finished)
Construction Material Concrete block, Concrete Walls
Cooling Type Central air conditioning
Exterior Finish Brick, Brick Veneer, Concrete, Metal
Foundation Type Block
Heating Type Baseboard heaters, Forced air, Radiant heat
Stories Total 2
Type Triplex
Utility Water Municipal water
Land
Total Size 0.12 acres
Amenities Park, Playground, Public Transit
Sewer Municipal sewage system
Size of Irregular Land 0.12
External Links

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