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$ 965,000
Est. payment /mo
Active
524 Krug ST Kitchener, ON N2B 1L6
5 Beds
3 Baths
UPDATED:
11/29/2024 08:31 PM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID X11586469
Style 2-Storey
Bedrooms 5
Annual Tax Amount $5,893
Tax Year 2024
Property Description
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!
Location
Province ON
County Waterloo
Area Waterloo
Zoning R5
Rooms
Family Room Yes
Basement Separate Entrance, Finished
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Separate Hydro Meter
Cooling None
Inclusions 3 fridges, 3 stoves, 1 washer and 1 dryer (coin operated)
Exterior
Exterior Feature Awnings, Controlled Entry, Porch
Parking Features Private
Garage Spaces 4.0
Pool None
View City
Roof Type Asphalt Shingle
Total Parking Spaces 4
Building
Foundation Poured Concrete
Others
Security Features Smoke Detector
Listed by CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD