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Home ON Kitchener - Cambridge - Waterloo Kitchener Rosemount
524 KRUG STREET
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524 KRUG STREET $949,900
$949,900
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524 KRUG STREET
Kitchener, Ontario N2B1L6

MLS® Number: X12002813
4 + 1
Bedrooms
3
Bathrooms
1500 - 2000
Square Feet

Listing 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! (39988575)

Location Description

River Rd

Property Summary

Property Type
Multi-family
Building Type
Triplex
Storeys
2
Square Footage
1500 - 2000 sqft
Land Size
53.5 x 162 FT ; 162.32ftx11.53ftx42.26ftx169.14ftx53.5
Annual Property Taxes
$5,893.19
Parking Type
No Garage
Time on REALTOR.ca
17 days

Building

Bedrooms
Above Grade
4
Below Grade
1
Bathrooms
Total
3
Interior Features
Appliances Included
Dryer, Stove, Washer, Refrigerator
Basement Features
Separate entrance
Basement Type
N/A (Finished)
Building Features
Foundation Type
Concrete
Building Amenities
Separate Electricity Meters
Rental Equipment
Water Heater
Structures
Porch
Heating & Cooling
Heating Type
Forced air (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick
Parking
Parking Type
No Garage
Total Parking Spaces
4

Measurements

Square Footage
1500 - 2000 sqft

Rooms

MetricImperial
Main level
Primary Bedroom
Bathroom
Bedroom
Kitchen
Living room
Second level
Bathroom
Bedroom
Dining room
Kitchen
Living room
Primary Bedroom
Lower level
Bathroom
Bedroom
Kitchen
Living room
Laundry room

Land

Lot Features
Frontage
53 ft ,6 in
Land Depth
162 ft
Other Property Information
Zoning Description
R5
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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