ON > Kitchener > 224 - Heritage Park-Rosemount
Kitchener, ON N2B1L6,524 KRUG Street
Kitchener, ON N2B1L6,524 KRUG Street
Kitchener, ON N2B1L6,524 KRUG Street
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$929,900
Est. payment /mo
5 Beds
3 Baths
2,879 SqFt
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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 $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

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Listed by Chestnut Park Realty Southwestern Ontario Limited

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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