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$ 949,900
Est. payment /mo
Active
524 KRUG Street Kitchener, ON N2B1L6
5 Beds
3 Baths
2,879 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,879 sqft
Price per Sqft $329
Subdivision 224 - Heritage Park/Rosemount
MLS® Listing ID 40703657
Bedrooms 5
Originating Board Cornerstone - Waterloo Region
Year Built 1957
Property Sub-Type Freehold
Property Description
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling None
Exterior
Parking Features No
Community Features Community Centre
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://my.matterport.com/show/?m=1c4yuhMZeYz
Listed by Chestnut Park Realty Southwestern Ontario Limited
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