524 Krug ST Active Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2B 1L6
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID X12002813
Style 2-Storey
Bedrooms 5
Annual Tax Amount $5,893
Tax Year 2024
Property Sub-Type Triplex
Property Description
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!
Location
Province ON
County Waterloo
Area Waterloo
Zoning R5
Rooms
Family Room No
Basement Finished,Separate Entrance
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Separate Hydro Meter
Cooling None
Inclusions 3 fridges, 3 stoves, 1 washer and 1 dryer (coin operated)
Exterior
Exterior Feature Porch,Privacy,Porch Enclosed
Pool None
Roof Type Asphalt Shingle
Lot Frontage 53.5
Lot Depth 162.0
Total Parking Spaces 4
Building
Foundation Concrete
Others
Senior Community No
Virtual Tour https://unbranded.youriguide.com/524_krug_st_kitchener_on/