4 Beds 3 Bath

514 Krug Street, Kitchener, ON N2B 1L6

Kitchener N2B 1L6 Ontario

MLS: X12175797

$965,000

Added 3 days ago | For Sale

Listed by: PSR

About Property

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.

Features

  • House Style:Triplex
  • Bathrooms:3
  • Land Size: 53.5 X 176.19
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:River Rd. E. to Krug St.
  • Basement:Apartment,Separate Entrance , Apartment,Separate Entrance
  • Possession Date:Imm w/ Ten
  • Annual Property taxes: $4887.66
  • Bedrooms:4 +1
  • Total Parking Spaces:7
  • Parking Places:7
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:East
  • Front Footage:
  • Listing ID:X12175797

Level Type Features Dimensions
Flat Living Room 0 ft x 0 ft
Kitchen 0 ft x 0 ft
Bedroom 0 ft x 0 ft
Bedroom 2 0 ft x 0 ft
Bathroom 0 ft x 0 ft
Second Living Room 0 ft x 0 ft
Kitchen 0 ft x 0 ft
Bedroom 0 ft x 0 ft
Bedroom 2 0 ft x 0 ft
Bathroom 0 ft x 0 ft
Basement Living Room 0 ft x 0 ft
Kitchen 0 ft x 0 ft

No property rooms available.

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