Average square foot calculated using Size range provided by listing agent.
Description
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, value, and long-term growth opportunity. Zoned RES-5, it sits on an oversized 53' x 163' lot and features three separately metered units—one one-bedroom and two two-bedroom units—all in excellent condition. The upper two-bedroom unit was refreshed in 2025 with updated flooring, fresh paint, modern light fixtures, upgraded bathroom plumbing fixtures, and stylish black outlets throughout, and is now leased. The common areas were also updated with new flooring, paint, and lighting (2025). Over the years, the property has seen several important improvements, including a furnace (2007), roof (2014), vinyl windows (approx. 2008/09), water heater (2019), and soffit, fascia, and eavestroughs (approx. 2011). The lower unit features above-grade windows, offering a bright and welcoming living space. The large lot also presents potential for an accessory dwelling unit (ADU), providing an excellent opportunity to further increase rental income. Additional highlights include a commercial coin-operated laundry system and ample private parking. Don’t miss this outstanding 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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