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:56069)
| MLS® Number | X11586469 |
| Property Type | Single Family |
| Amenities Near By | Hospital, Park, Place Of Worship, Public Transit |
| Community Features | Community Centre |
| Equipment Type | Water Heater - Gas |
| Features | Flat Site |
| Parking Space Total | 4 |
| Rental Equipment Type | Water Heater - Gas |
| Structure | Porch, Shed |
| View Type | City View |
| Bathroom Total | 3 |
| Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 5 |
| Amenities | Separate Electricity Meters |
| Appliances | Dryer, Refrigerator, Stove, Washer |
| Basement Development | Finished |
| Basement Features | Separate Entrance |
| Basement Type | N/a (finished) |
| Exterior Finish | Brick |
| Fire Protection | Controlled Entry, Smoke Detectors |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Hospital, Park, Place Of Worship, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 162 Ft |
| Size Frontage | 53 Ft ,6 In |
| Size Irregular | 53.5 X 162 Ft ; 162.32ftx11.53ft X42.26ft X169.14ftx53.5 |
| Size Total Text | 53.5 X 162 Ft ; 162.32ftx11.53ft X42.26ft X169.14ftx53.5|under 1/2 Acre |
| Zoning Description | R5 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom | 3.48 m | 3.16 m | 3.48 m x 3.16 m |
| Second Level | Bedroom 2 | 3.45 m | 3.14 m | 3.45 m x 3.14 m |
| Second Level | Bathroom | 2.42 m | 1.5 m | 2.42 m x 1.5 m |
| Second Level | Kitchen | 3.73 m | 2.74 m | 3.73 m x 2.74 m |
| Second Level | Living Room | 7.1 m | 3.56 m | 7.1 m x 3.56 m |
| Third Level | Dining Room | 2.17 m | 3.54 m | 2.17 m x 3.54 m |
| Third Level | Bedroom | 3.5 m | 3.17 m | 3.5 m x 3.17 m |
| Third Level | Bedroom 2 | 3.51 m | 3.17 m | 3.51 m x 3.17 m |
| Third Level | Bathroom | 2.45 m | 1.5 m | 2.45 m x 1.5 m |
| Third Level | Kitchen | 3.7 m | 2.75 m | 3.7 m x 2.75 m |
| Third Level | Living Room | 4.96 m | 3.54 m | 4.96 m x 3.54 m |
| Basement | Laundry Room | 3.1 m | 3.52 m | 3.1 m x 3.52 m |
https://www.realtor.ca/real-estate/27697120/524-krug-street-kitchener
Contact us for more information
Nicole Ashley Prokopowicz
Salesperson
(519) 804-7200
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