$929,900
5.90 BTC
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Map
524 Krug Street, Kitchener
$929,900
PRICE
4 + 1
BEDROOMS
3
BATHROOMS
X12002813
MLSID

524 Krug Street, Kitchener

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.
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Sold History

SOLD
21 January 2022
$1,150,000

Summary

Address
524 Krug Street
MLSID
X12002813
Property Type
Triplex
Property Category
Bedrooms
4 + 1
Bathrooms
3
Kitchens
2 + 1
Zoning
R5
Taxes (Annual)
$5,893.19
Tax Year
2024
Published
March 5, 2025
Days on Market
151 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

3 fridges, 3 stoves, 1 washer and 1 dryer (coin operated)

Exclusions

Tenants Belongings

Details

Bathroom 1
4-Piece Main Level
Bathroom 2
4-Piece Second Level
Bathroom 3
4-Piece Lower Level
Parking Spaces
4
Parking Total
4
Architectural Style
2-Storey
Roof
Asphalt Shingle
Construction Materials
Brick
Lot Width
54 Feet
Lot Depth
162 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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