Justin Handley

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524 KRUG Street, Kitchener, Ontario

$949,900

5 Beds
3 Baths
2,879 Square Feet

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:23309)

Listing ID: 40703657
Property Type: Multi-family
Year Built: 1957

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Details

Amenities Nearby: Golf Nearby, Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Community Features: Community Centre
Equipment: Water Heater
Features: Southern exposure, Conservation/green belt, Paved driveway, Laundry- Coin operated
Ownership: Freehold
Parking Spaces: 4
Rental Equipment: Water Heater
Structure: Shed, Porch
Transaction: For sale
Zoning Description: R5

Building

Appliances: Water softener
BasementType: Full (Finished)
Basement Development: Finished
Constructed Date: 1957
Cooling: None
Exterior Finish: Brick Veneer
Fireplace Present: False
Fire Protection: Unknown
Foundation: Poured Concrete
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 2879 sqft
Stories Total: 2
Type: Triplex
Utility Water: Municipal water

Land

Access Type: Highway access
Amenities: Golf Nearby, Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Sewer: Municipal sewage system
Size Frontage: 54 ft

Listing provided by Chestnut Park Realty Southwestern Ontario Limited
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 524 KRUG Street in Kitchener Ontario. It was last modified on March 5th, 2025. Contact Justin Handley to schedule a viewing or to discover other Kitchener real estate for sale.

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