Homes for sale - 524 Krug Street, Kitchener, ON N2B 1L6

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Doug Folsetter

doug@folsetter.com +1(905) 515-5494

$949,900

Est. payment - /mo

5 Beds

3 Baths

1,947 SqFt

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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

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Listed by Chestnut Park Realty Southwestern Ontario Limited

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Doug Folsetter

+1(905) 515-5494

Sales Representative | License ID: 4729737

Sales Representative License ID: 4729737

524 Krug Street Kitchener, ON N2B 1L6

Doug Folsetter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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524 Krug Street