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Key Facts

Type Multi Family
Levels Residential Income
Size 1947 sqft
Garage No
Taxes $5,893
Days Active 149
Lot Size 
Approx. Age 1957
Avg. Price Per Sqft $477
MLS® Number 40703657

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to 524 Krug Street, a well-maintained legal triplex offering outstanding 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, value, and long-term growth. Zoned RES-5 and situated on an oversized 53' x 163' lot, it features three separately metered units: one one-bedroom and two two-bedroom units. The upper two-bedroom unit was refreshed in 2025 with updated flooring, fresh paint, modern light fixtures, upgraded bathroom fixtures, and stylish black outlets throughout, and is currently leased. The middle two-bedroom unit will be vacant at the end of August 2025, allowing the next owner to set their own rent. Common areas have also been updated with new flooring, paint, and lighting in 2025. Over the years, the property has seen several important improvements, including a roof (2014), vinyl windows (approx. 2008/09), water heater (2019), and soffit, fascia, and eavestroughs (approx. 2011). The lower unit offers bright, above-grade windows for a welcoming living space. The large lot presents potential for an accessory dwelling unit (ADU), offering an opportunity to further increase rental income. Additional highlights include a commercial coin-operated laundry system and ample private parking. This is an exceptional investment opportunity in a prime Kitchener location.Show Description
MLS® Number40703657
Laundry LevelCoin Operated, Common Area
Central VacNo
FireplaceNo
Acreage
ExteriorAwning(s), Balcony, Controlled Entry, Separate Hydro Meters, Storage Buildings
GarageNo
Approx. Age1957
BasementSeparate Entrance, Full, Finished
DrivewayAsphalt
Garage Spaces
HeatForced Air, Natural Gas
A/CNone
Heating Fuel

Extras

Other, 3 Fridges, 3 Stoves, 1 Washer And 1 Dryer (Coin Operated), Water Softener "as Is"

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