Added 1 month ago
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Type: Triplex
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Style: 2-Storey
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Size: 1500 sqft
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Lot Size: 53.5 x 162 Feet
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Age: 51-99 years
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Taxes: $5,893 per year
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Days on Site: 2 Days
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Added: Nov 27, 2024 (1 month ago)
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Updated:
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Last Checked: 2 hours ago
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MLS®#: X11586469
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Listed By: Chestnut park realty(southwestern ontario) ltd
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!
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Property
Status: Sale
Property Type: Triplex
Style: 2-Storey
Size (sq ft): 1500
Age: 51-99
Area: Kitchener
Availability Date: Flexible
Assessment Amount: $463,000
Assessment Year: 2024
Inside
Bedrooms: 4
Bedrooms Plus: 1
Bathrooms: 3
Kitchens: 2
Kitchens Plus: 1
Rooms: 12
Den/Family Room: Yes
Air Conditioning: None
Fireplace: No
Laundry Level: Lower
Washrooms: 3
Building
Basement: Finished
Basement 2: Sep Entrance
Heat Type: Forced Air
Heat Source: Gas
Exterior: Brick
Water Supply: Municipal
Special Designation: Unknown
Other Structures: Garden Shed
Parking
Driveway: Private
Garage Type: None
Covered Parking Spaces: 4
Total Parking Spaces: 4
Fees
Tax Year: 2024
Tax Legal Description: LT 167 PL 841 KITCHENER; KITCHENER
Taxes: $5,893
Highlights
Feature: Hospital
Feature: Library
Feature: Park
Feature: Place Of Worship
Feature: Public Transit
Feature: Rec Centre
Land
Cross Street: River Rd. E to Krug
Municipality District: Kitchener
Fronting On: North
Parcel Number: 225270127
Pool: None
Sewer: Sewers
Lot Depth: 162 Feet
Lot Frontage: 53.5 Feet
Lot Irregularities: 162.32ftx11.53ft x42.
Acres: < .50
Zoning: R5
Additional Media
- Virtual Tour: https://youriguide.com/524_krug_st_kitchener_on/
Rooms
Room details for 524 Krug Street, Kitchener
| Type | Dimensions | Description |
|---|---|---|
| Br 2nd | 3.16 x 3.48 | |
| 2nd Br 2nd | 3.14 x 3.45 | |
| Bathroom 2nd | 1.50 x 2.42 | 4 Pc Bath |
| Kitchen 2nd | 2.74 x 3.73 | |
| Living 2nd | 3.56 x 7.10 | |
| Br 3rd | 3.17 x 3.50 | |
| 2nd Br 3rd | 3.17 x 3.51 | |
| Bathroom 3rd | 1.50 x 2.45 | 4 Pc Bath |
| Kitchen 3rd | 2.75 x 3.70 | |
| Living 3rd | 3.54 x 4.96 | |
| Dining 3rd | 3.54 x 2.17 | |
| Laundry Bsmt | 3.52 x 3.10 |
Very Walkable
- Most errands can be accomplished on foot.
Some Transit
- Most errands require a car.
Bikeable
- Some errands can be accomplished on bike.
Rosemount School
Elementary: PublicSmithson Public School
Elementary: PublicSt Daniel Catholic Elementary School
Elementary: CatholicSt Anne Catholic Elementary School
Elementary: CatholicStanley Park Public School
Elementary: PublicSheppard Public School
Elementary: PublicRosemount - U Turn School
Secondary: PublicBluevale Collegiate Institute
Secondary: PublicEastwood Collegiate Institute
Secondary: PublicGrand River Collegiate Institute
Secondary: PublicSt Mary's High School
Secondary: CatholicCameron Heights Collegiate Institute
Secondary: Public-
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