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 becoming vacant on February 1, 2025, 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:4069)
| Address |
524 KRUG Street |
| List Price |
$965,000 |
| Property Type |
Multi-family |
| Type of Dwelling |
Triplex |
| Area |
Ontario |
| Sub-Area |
Kitchener |
| Bedrooms |
5 |
| Bathrooms |
3 |
| Floor Area |
2,879 Sq. Ft. |
| Year Built |
1957 |
| MLS® Number |
40681541 |
| Listing Brokerage |
Chestnut Park Realty Southwestern Ontario Limited
| Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
|
| Basement Area |
Full (Finished) |
| Postal Code |
N2B1L6 |
| Zoning |
R5 |
| Site Influences |
Golf Nearby, Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping |
| Features |
Southern exposure, Conservation/green belt, Paved driveway, Laundry- Coin operated |
