524 Krug Street Kitchener, Ontario N2B 1L6
$949,900
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:61445)
Property Details
| MLS® Number | X12002813 |
| Property Type | Multi-family |
| EquipmentType | Water Heater |
| ParkingSpaceTotal | 4 |
| RentalEquipmentType | Water Heater |
| Structure | Porch |
Building
| BathroomTotal | 3 |
| BedroomsAboveGround | 4 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 5 |
| Amenities | Separate Electricity Meters |
| Appliances | Dryer, Stove, Washer, Refrigerator |
| BasementDevelopment | Finished |
| BasementFeatures | Separate Entrance |
| BasementType | N/a (finished) |
| ExteriorFinish | Brick |
| FoundationType | Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| SizeInterior | 1499.9875 - 1999.983 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 162 Ft |
| SizeFrontage | 53 Ft ,6 In |
| SizeIrregular | 53.5 X 162 Ft ; 162.32ftx11.53ftx42.26ftx169.14ftx53.5 |
| SizeTotalText | 53.5 X 162 Ft ; 162.32ftx11.53ftx42.26ftx169.14ftx53.5 |
| ZoningDescription | R5 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bathroom | 2.46 m | 1.5 m | 2.46 m x 1.5 m |
| Second Level | Bedroom | 3.51 m | 3.17 m | 3.51 m x 3.17 m |
| Second Level | Dining Room | 3.53 m | 2.16 m | 3.53 m x 2.16 m |
| Second Level | Kitchen | 3.71 m | 2.74 m | 3.71 m x 2.74 m |
| Second Level | Living Room | 4.95 m | 3.53 m | 4.95 m x 3.53 m |
| Second Level | Primary Bedroom | 3.51 m | 3.17 m | 3.51 m x 3.17 m |
| Lower Level | Bathroom | Measurements not available | ||
| Lower Level | Bedroom | 3.96 m | 3.15 m | 3.96 m x 3.15 m |
| Lower Level | Kitchen | 4.37 m | 3.66 m | 4.37 m x 3.66 m |
| Lower Level | Living Room | 6.27 m | 3.63 m | 6.27 m x 3.63 m |
| Lower Level | Laundry Room | 3.53 m | 3.1 m | 3.53 m x 3.1 m |
| Main Level | Primary Bedroom | 3.48 m | 3.15 m | 3.48 m x 3.15 m |
| Main Level | Bathroom | 2.41 m | 1.5 m | 2.41 m x 1.5 m |
| Main Level | Bedroom | 3.45 m | 3.15 m | 3.45 m x 3.15 m |
| Main Level | Kitchen | 3.73 m | 2.74 m | 3.73 m x 2.74 m |
| Main Level | Living Room | 7.09 m | 2.74 m | 7.09 m x 2.74 m |
https://www.realtor.ca/real-estate/27985762/524-krug-street-kitchener
Interested?
Contact us for more information
Nicole Ashley Prokopowicz
Salesperson
75 King St South #50a
Waterloo, Ontario N2J 1P2
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
March 10 2025 11:14:08
Chestnut Park Realty(Southwestern Ontario) Ltd