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524 KRUG Street, Kitchener, Ontario

$965,000

5 Beds
3 Baths
2,879 Square Feet

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:23309)

Listing ID: 40681541
Property Type: Multi-family
Year Built: 1957

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Details

Amenities Nearby: Golf Nearby, Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Community Features: Community Centre
Equipment: Water Heater
Features: Southern exposure, Conservation/green belt, Paved driveway, Laundry- Coin operated
Ownership: Freehold
Parking Spaces: 4
Rental Equipment: Water Heater
Structure: Porch
Transaction: For sale
Zoning Description: R5

Building

Appliances: Water softener
BasementType: Full (Finished)
Basement Development: Finished
Constructed Date: 1957
Cooling: None
Exterior Finish: Brick Veneer
Fireplace Present: False
Fire Protection: Unknown
Foundation: Poured Concrete
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 2879 sqft
Stories Total: 2
Type: Triplex
Utility Water: Municipal water

Land

Access Type: Highway access
Amenities: Golf Nearby, Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Sewer: Municipal sewage system
Size Frontage: 54 ft

Listing provided by Chestnut Park Realty Southwestern Ontario Limited
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 524 KRUG Street in Kitchener Ontario. It was last modified on November 27th, 2024. Contact the Team Vadala to schedule a viewing or to discover other Kitchener real estate for sale.

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