$965,000
6.12 BTC
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Map
514 Krug Street, Kitchener
$965,000
PRICE
4 + 1
BEDROOMS
3
BATHROOMS
X12175797
MLSID

514 Krug Street, Kitchener

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.
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Summary

Address
514 Krug Street
MLSID
X12175797
Property Type
Triplex
Property Category
Bedrooms
4 + 1
Bathrooms
3
Kitchens
2 + 1
Zoning
RES-5
Taxes (Annual)
$4,887.66
Tax Year
2024
Published
May 27, 2025
Days on Market
68 Days
Possession Type
Immediate
Possession Details
Imm W/ Ten
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Inclusions

Fridge (x3), Stove (x3), Coin Washer (1), Coin Dryer (1)

Exclusions

Tenants Belongings, Window AC Units, Smaller Shed (Belongs To Unit 2 Tenant)

Details

Property Features
Hospital, Park, Public Transit, School
Bathroom 1
4-Piece Main Level
Bathroom 2
4-Piece Second Level
Bathroom 3
4-Piece Basement Level
Parking Spaces
7
Parking Total
7
Parking Features
Private
Architectural Style
2-Storey
Roof
Asphalt Shingle
Construction Materials
Brick
Lot Width
54 Feet
Lot Depth
176 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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