49
See all 49 photos
$1,150,000
Est. payment /mo
7 Beds
6 Baths
2,500 SqFt
Active
54 PARK STREET Kitchener, ON N2G1M3
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500 - 3000
Square Footage 2,500 sqft
Price per Sqft $460
MLS® Listing ID X12894010
Bedrooms 7
Half Baths 1
Property Description
Fully occupied legal triplex in one of Downtown Kitchener's most sought-after investment pockets, offering an impressive 5.35% CAP rate and exceptional long-term upside. Ideally located just steps to Victoria Park and only a couple blocks from Downtown Kitchener, Google, the School of Pharmacy, and the Tannery, this is a prime, walkable location that continues to attract quality tenants and strong rental demand. This is not your typical cookie-cutter rental property. Originally built in 1923 and thoughtfully converted, this heritage home blends timeless character, exposed brick, architectural charm, and unique design elements with modern updates and amenities that today's tenants love. Comprised of three well-appointed and fully leased units, the property offers stable income from day one while providing investors with a standout asset that differentiates itself from ordinary purpose-built triplexes. The combination of strong financial performance, irreplaceable character, and unbeatable location makes this a rare opportunity for the savvy investor looking to own a truly special multi-residential property in the heart of the city. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air, Radiant heat, Not known, Not known
Cooling Central air conditioning
Fireplaces Number 1
Exterior
Parking Features No
Community Features Community Centre
View Y/N No
Total Parking Spaces 3
Private Pool No
Building
Story 2.5
Sewer Sanitary sewer
Others
Virtual Tour https://unbranded.youriguide.com/unit_a_54_park_st_kitchener_on/
Listed by Trilliumwest Real Estate Brokerage