514 Krug Street, Kitchener, Ontario N2B 1L6 (28372512)
$965,000
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. (id:59911)
Property Details
| MLS® Number | X12175797 |
| Property Type | Multi-family |
| Neigbourhood | Rosemount |
| Amenities Near By | Hospital, Park, Public Transit, Schools |
| Equipment Type | Water Heater |
| Parking Space Total | 7 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 4 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 5 |
| Age | 51 To 99 Years |
| Amenities | Separate Electricity Meters |
| Appliances | Dryer, Stove, Washer, Refrigerator |
| Basement Features | Apartment In Basement, Separate Entrance |
| Basement Type | N/a |
| Exterior Finish | Brick |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water, Unknown |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Hospital, Park, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 176 Ft ,2 In |
| Size Frontage | 53 Ft ,6 In |
| Size Irregular | 53.5 X 176.2 Ft ; 53.50ft X 176.19ft X 52.01ft X 187.09 Ft |
| Size Total Text | 53.5 X 176.2 Ft ; 53.50ft X 176.19ft X 52.01ft X 187.09 Ft |
| Zoning Description | Res-5 |
Interested in 514 Krug Street, Kitchener, Ontario N2B 1L6?
Vongdeuane Kennedy
Broker
625 King Street West
Toronto, Ontario M5V 1M5
(416) 360-0688
(416) 360-0687