524 KRUG Street Active Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2B1L6
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,879 sqft
Price per Sqft $322
Subdivision 224 - Heritage Park/Rosemount
MLS Listing ID 40703657
Bedrooms 5
Year Built 1957
Property Sub-Type Freehold
Source Cornerstone - Waterloo Region
Property Description
Welcome to 524 Krug Street, a well-maintained legal triplex offering outstanding 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. Zoned RES-5 and situated on an oversized 53' x 163' lot, it features three separately metered units: one one-bedroom and two two-bedroom units. The upper two-bedroom unit was refreshed in 2025 with updated flooring, fresh paint, modern light fixtures, upgraded bathroom fixtures, and stylish black outlets throughout, and is currently leased. The middle two-bedroom unit will be vacant at the end of August 2025, allowing the next owner to set their own rent. Common areas have also been updated with new flooring, paint, and lighting in 2025. Over the years, the property has seen several important improvements, including a roof (2014), vinyl windows (approx. 2008/09), water heater (2019), and soffit, fascia, and eavestroughs (approx. 2011). The lower unit offers bright, above-grade windows for a welcoming living space. The large lot presents potential for an accessory dwelling unit (ADU), offering an opportunity to further increase rental income. Additional highlights include a commercial coin-operated laundry system and ample private parking. This is an exceptional investment opportunity in a prime Kitchener 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