40
See all 40 photos
$929,900
Est. payment /mo
5 Beds
3 Baths
2,879 SqFt
Price Dropped by $20K
524 KRUG Street Kitchener, ON N2B1L6
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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,879 sqft
Price per Sqft $322
Subdivision 224 - Heritage Park/Rosemount
MLS® Listing ID 40703657
Bedrooms 5
Year Built 1957
Property Sub-Type Freehold
Source Cornerstone - Waterloo Region
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 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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling None
Exterior
Parking Features No
Community Features Community Centre
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://unbranded.youriguide.com/524_krug_st_kitchener_on/
Listed by Chestnut Park Realty Southwestern Ontario Limited