524 Krug Street Kitchener, Ontario N2B 1L6
$929,900
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, value, and long-term growth opportunity. Zoned RES-5, it sits on an oversized 53' x 163' lot and features three separately metered units—one one-bedroom and two two-bedroom units—all in excellent condition. The upper two-bedroom unit was refreshed in 2025 with updated flooring, fresh paint, modern light fixtures, upgraded bathroom plumbing fixtures, and stylish black outlets throughout, and is now leased. The common areas were also updated with new flooring, paint, and lighting (2025). Over the years, the property has seen several important improvements, including a furnace (2007), roof (2014), vinyl windows (approx. 2008/09), water heater (2019), and soffit, fascia, and eavestroughs (approx. 2011). The lower unit features above-grade windows, offering a bright and welcoming living space. The large lot also presents potential for an accessory dwelling unit (ADU), providing an excellent opportunity to further increase rental income. Additional highlights include a commercial coin-operated laundry system and ample private parking. Don’t miss this outstanding investment opportunity in a prime Kitchener location. (id:62616)
Property Details
| MLS® Number | 40703657 |
| Property Type | Multi-family |
| Amenities Near By | Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Community Features | Community Centre |
| Equipment Type | Water Heater |
| Features | Southern Exposure, Conservation/green Belt, Paved Driveway, Laundry- Coin Operated |
| Parking Space Total | 4 |
| Rental Equipment Type | Water Heater |
| Structure | Shed, Porch |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 5 |
| Appliances | Water Softener |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1957 |
| Cooling Type | None |
| Exterior Finish | Brick Veneer |
| Fire Protection | Unknown |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2,879 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 162 Ft |
| Size Frontage | 54 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Res - 5 |
https://www.realtor.ca/real-estate/27982672/524-krug-street-kitchener
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May 28 2025 03:40:26
Waterloo Region Association of REALTORS®
Chestnut Park Realty Southwestern Ontario Limited, Chestnut Park Realty Southwestern Ontario Ltd., Brokerage