Size
-
Lot size
8667 sqft
Street frontage
-
Possession
Flexible
Price per sqft
$465 - $620
Taxes
$5,893.19 (2024)
Parking Type
-
Style
2-Storey
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Description
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, value, and long-term growth opportunity. Zoned RES-5, it sits on an oversized 53' x 163' lot and features three separately metered unitsone one-bedroom and two two-bedroom unitsall in excellent condition. The upper two-bedroom unit was refreshed in 2025 with updated flooring, fresh paint, modern light fixtures, upgraded bathroom plumbing fixtures, and stylish black outlets throughout, and is now leased. The common areas were also updated with new flooring, paint, and lighting (2025). Over the years, the property has seen several important improvements, including a furnace (2007), roof (2014), vinyl windows (approx. 2008/09), water heater (2019), and soffit, fascia, and eavestroughs (approx. 2011). The lower unit features above-grade windows, offering a bright and welcoming living space. The large lot also presents potential for an accessory dwelling unit (ADU), providing an excellent opportunity to further increase rental income. Additional highlights include a commercial coin-operated laundry system and ample private parking. Dont miss this outstanding investment opportunity in a prime Kitchener location.
Broker: CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
MLS®#: X12002813
Property details
Parking:
4
Parking type:
-
Property type:
Triplex
Heating type:
Forced Air
Style:
2-Storey
MLS Size:
1500-2000 sqft
Lot front:
53 Ft
Lot depth:
162 Ft
Listed on:
Mar 5, 2025
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Rooms
Level | Name | Size | Features |
---|---|---|---|
Main | Primary Bedroom | 11.4 x 10.3 ft | 4 Pc Bath |
Lower | Living Room | 20.6 x 11.9 ft | |
Main | Living Room | 23.3 x 9.0 ft |
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Instant estimate:
orto view instant estimate
$59,348
lower than listed pricei
High
$888,754
Mid
$870,552
Low
$813,670
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