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.
PSR
$965,000
514 Krug Street, Kitchener, Ontario
5 Bedrooms
3 Bathrooms
2630 Sqft
Property
MLS® Number: 40733752
Address: 514 Krug Street
City: Kitchener
Exterior: Brick
Lot Size: 176.19ft x 53.5ft
Utilities
Heating: Forced Air, Natural Gas
Parking
Parking Spaces: 7
This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.
Property Sale History
Travel and Neighbourhood
72/100Walk Score®
Very Walkable
Wondering what your commute might look like? Get Directions
Location
