524 Krug Street Active Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2B 1L6
Key Details
Property Type Multi-Family
Sub Type Multi-3 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 1,947 sqft
Price per Sqft $487
MLS Listing ID 40703657
Bedrooms 5
Abv Grd Liv Area 2,879
Originating Board Waterloo Region
Year Built 1957
Annual Tax Amount $5,893
Property Sub-Type Multi-3 Unit
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 2 - Kitchener East
Zoning R5
Direction River Rd. E to Krug St.
Rooms
Other Rooms Shed(s)
Basement Separate Entrance,Full,Finished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Forced Air,Natural Gas
Cooling None
Fireplace No
Appliance Water Softener,Dryer,Refrigerator,Stove,Washer
Laundry Coin Operated,Common Area
Exterior
Exterior Feature Awning(s),Balcony,Controlled Entry,Separate Hydro Meters,Storage Buildings
Parking Features Asphalt
Roof Type Asphalt Shing
Porch Porch
Lot Frontage 53.5
Lot Depth 162.0
Garage No
Building
Lot Description Rectangular,Near Golf Course,Greenbelt,Highway Access,Hospital,Library,Open Spaces,Park,Place of Worship,Playground Nearby,Public Transit,Rec./Community Centre,Schools,Shopping Nearby
Faces River Rd. E to Krug St.
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Brick Veneer
New Construction No
Others
Senior Community false
Tax ID 225270127
Ownership Freehold/None