514 KRUG STREET

Kitchener, , N2B1L6, Canada

$965,000

Investor Alert! Triplex with Development Potential! This property is zoned RES-5, offering excellent potential to add more units on the massive 53FT x 176FT deep lot (drawing for a proposed 4-unit build with parking plan available). The property is separately metered, well maintained and offers 2 x 2 beds, 1 x 1 bed and plenty of parking. The upper unit is beautifully renovated and vacant, ideal for market rent or owner occupancy. The middle unit is currently rented at $1,800/month. All tenants are in good standing with no open claims. Updates include: furnace (2021), hot water tank (2019), driveway (2013), roof (2010), and windows (2003). Conveniently located across from a shopping plaza and close to Stanley Park Conservation Area, Walter Bean Trail, Idlewood Pool, splash pads, schools, transit, and major highways. A solid portfolio addition with long-term upside.

EXTRAS: Washer, Refrigerator, Stove, Dryer

Virtual Tour: https://estatefilmz.seehouseat.com/2327702?idx=1

Last updated on : Tuesday 27th of May 2025 01:30:56 PM

ADDRESS

Street : 514 KRUG STREET

City : Kitchener

Country : Canada

Postal Code : N2B1L6

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PROPERTY SUMMARY

Property ID : X12175797

Building Type : Triplex

Property Type : Multi-family

Bedrooms : 5

Bathrooms : 3

Parking : 7

Parking Type: No Garage

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