524 Krug ST Active Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2B 1L6
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID X12002813
Style 2-Storey
Bedrooms 5
Building Age 51-99
Annual Tax Amount $5,893
Tax Year 2024
Property Sub-Type Triplex
Property 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 unitsone one-bedroom and two two-bedroom unitsall 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. Dont miss this outstanding investment opportunity in a prime Kitchener location.
Location
Province ON
County Waterloo
Area Waterloo
Zoning R5
Rooms
Family Room No
Kitchen 3
Interior
Cooling None
Inclusions 3 fridges, 3 stoves, 1 washer and 1 dryer (coin operated)
Exterior
Exterior Feature Porch,Privacy,Porch Enclosed
Pool None
Roof Type Asphalt Shingle
Building
Foundation Concrete
Others
Virtual Tour https://unbranded.youriguide.com/524_krug_st_kitchener_on/