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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.
Fridge (x3), Stove (x3), Coin Washer (1), Coin Dryer (1)
City: Kitchener
Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
---|---|---|---|---|---|
May 15, 2025 | 104 | $2,000 | N/A | New | X12155657 |
Feb 27, 2025 | 88 | $965,000 | N/A | Terminated | X11991725 |
Oct 21, 2024 | 92 | $965,000 | N/A | Expired | X9502748 |
Jul 15, 2024 | 77 | $999,900 | N/A | Expired | X9038325 |
May 13, 2024 | 53 | $999,900 | N/A | Terminated | X8334926 |
Jan 22, 2024 | 112 | $1,100,000 | N/A | Terminated | X8014692 |
Nov 8, 2023 | 65 | $1,100,000 | N/A | Expired | X7285486 |
Purchase Price | $965000 |
Down Payment | $193000 |
Mortgage Insurance | $0 |
Total Mortgage | $772000 |
Mortgage Payment | $4757 |
Property Taxes | $407 |
Maintenance Fees | $0 |
Monthly Payment | $5165 |
Located at 514 Krug St , this Kitchener house is available for sale. This property was listed for $965,000 on Tue May 27 2025. This house's size is 1500-2000 Sqft. It has 4 bedrooms and 3 bathrooms. The property includes the following rooms: Living, Kitchen, Br, 2nd Br, Bathroom, Living, Kitchen, Br, 2nd Br, Bathroom, Living, Kitchen. This property comes with 7 parking spots.
MLS#: X12175797 · $965,000 · 4 bedroom house in Kitchener