54 Park ST, Kitchener, ON N2G 1M3
54 Park ST, Kitchener, ON N2G 1M3
54 Park ST, Kitchener, ON N2G 1M3
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,150,000
Est. payment /mo
6 Beds
6 Baths
2,597 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-3 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 2,597 sqft

Price per Sqft $442

MLS Listing ID 40811587

Bedrooms 6

Abv Grd Liv Area 3,322

Annual Tax Amount $8,479

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Multi-3 Unit

Source Cornerstone

Property Description

Fully occupied legal triplex in one of Downtown Kitchener's most sought-after investment pockets, offering an impressive 5.35% CAP rate and exceptional long-term upside. Ideally located just steps to Victoria Park and only a couple blocks from Downtown Kitchener, Google, the School of Pharmacy, and the Tannery, this is a prime, walkable location that continues to attract quality tenants and strong rental demand.

This is not your typical cookie-cutter rental property. Originally built in 1923 and thoughtfully converted, this heritage home blends timeless character, exposed brick, architectural charm, and unique design elements with modern updates and amenities that today's tenants love.

Comprised of three well-appointed and fully leased units, the property offers stable income from day one while providing investors with a standout asset that differentiates itself from ordinary purpose-built triplexes. The combination of strong financial performance, irreplaceable character, and unbeatable location makes this a rare opportunity for the savvy investor looking to own a truly special multi-residential property in the heart of the city.

Location

Province ON

County Waterloo

Area 3 - Kitchener West

Zoning RES-4

Direction Near Park St and Victoria st

Rooms

Other Rooms Shed(s), Storage

Basement Separate Entrance, Walk-Out Access, Full, Partially Finished

Kitchen 0

Interior

Interior Features Accessory Apartment

Heating Baseboard, Forced Air, Radiant

Cooling Central Air

Fireplace No

Appliance Water Softener, Dishwasher, Dryer, Refrigerator, Stove, Washer

Laundry In-Suite

Exterior

Exterior Feature Balcony

Parking Features Asphalt

Roof Type Asphalt Shing,Membrane

Porch Deck, Porch

Lot Frontage 50.08

Lot Depth 103.17

Garage No

Building

Lot Description Rectangular, City Lot, Library, Park, Playground Nearby, Public Parking, Public Transit

Faces Near Park St and Victoria st

Story 2

Foundation Brick/Mortar, Concrete Block

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick,Brick Veneer,Block,Metal/Steel Siding

New Construction No

Others

Senior Community false

Tax ID 224290045

Ownership Freehold/None

Virtual Tour https://unbranded.youriguide.com/unit_a_54_park_st_kitchener_on/


Read Less Info
Listed by Bosley Real Estate Ltd.

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

Isaac Rosebrugh

Isaac Rosebrugh

+1(519) 754-6611

REALTOR®

REALTOR®

Name

Name

Phone*

Phone

Message