42
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$965,000
Est. payment /mo
5 Beds
3 Baths
Active
514 Krug ST Kitchener, ON N2B 1L6
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID X12175797
Style 2-Storey
Bedrooms 5
Building Age 51-99
Annual Tax Amount $4,887
Tax Year 2024
Property Sub-Type Triplex
Property Description
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.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement Apartment, Separate Entrance
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 53.5
Lot Depth 176.19
Total Parking Spaces 7
Building
Unit Features Hospital,Park,Public Transit,School
Foundation Concrete
Others
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Listed by PSR
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