514 Krug Street

Kitchener N2B 1L6
5 beds 2 baths

$949,000 CAD

Investor Alert! Triplex With Development Potential! This Property Is Zoned RES-5, Offering Excellent Potential To Add More Units On The Massive 53Ft x 176 Ft 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 (2025) And Rented For $1,900/Month + Hydro. Rents Are Plus Hydro. The Middle Unit Is Currently Rented At $1,800/Month + Hydro. 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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Key Details

Bedrooms 5
Bathrooms 2
Full Bathrooms 2
Laundry Room Lower lvl

Exterior

Parking 7 Availble Parking Spots
Heat Type Gas, Forced Air
AIR Conditioning Central Air

Area & Lot

Status For Sale
Living Area 1,942 Sq.Ft.
MLS® ID X12672866
Type Residential

Financial

Sales Price $949,000 CAD

Listing Agent

Vong Kennedy

Vong Kennedy

Broker
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