UPPER 2-BEDROOM UNIT NOW VACANT! PRIME INVESTMENT OPPORTUNITY IN THE HEART OF KITCHENER! 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 and value. Situated on an oversized 53' x 163' lot, this triplex features three separately metered units, including one one-bedroom unit and two two-bedroom units, all in excellent condition. The vacant upper unit has been refreshed in 2025, featuring updated flooring, fresh paint, modern light fixtures, upgraded bathroom plumbing fixtures, and stylish black outlets throughout. The property has benefited from several improvements over the years, including a roof replacement in 2014, an updated furnace, vinyl windows, and upgraded eaves. The lower unit features above-grade windows, creating a bright and welcoming living space. The spacious lot also presents potential for an accessory dwelling unit (ADU), offering an excellent opportunity to maximize future returns. Additional highlights include a commercial coin-operated laundry system and ample private parking. With the upper two-bedroom unit now vacant, buyers have the flexibility to set new market rent or move in and enjoy homeownership while generating rental income. Don't miss this outstanding investment opportunity in a prime location! (id:4069)
Address
524 KRUG STREET
List Price
$949,900
Property Type
Multi-family
Type of Dwelling
Triplex
Area
Ontario
Sub-Area
Kitchener
Bedrooms
5
Bathrooms
3
Floor Area
1,500 Sq. Ft.
Lot Size
53.5 x 162 FT ; 162.32ftx11.53ftx42.26ftx169.14ftx53.5 Sq. Ft.
MLS® Number
X12002813
Listing Brokerage
CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
Basement Area
N/A (Finished)
Postal Code
N2B1L6
Zoning
R5
Amenities
Separate Electricity Meters
