54 PARK STREET, Kitchener, ON N2G1M3
54 PARK STREET, Kitchener, ON N2G1M3
54 PARK STREET, Kitchener, ON N2G1M3
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Paul Shantz

Paul Shantz

+1(519) 829-8656
$1,150,000
Est. payment /mo
7 Beds
6 Baths
2,500 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500 - 3000

Square Footage 2,500 sqft

Price per Sqft $460

MLS® Listing ID X12894010

Bedrooms 7

Half Baths 1

Property Description

Fully occupied legal triplex in one of Downtown Kitchener's most sought-after investment pockets, offering an impressive 5.35% CAP rate and exceptional long-term upside. Ideally located just steps to Victoria Park and only a couple blocks from Downtown Kitchener, Google, the School of Pharmacy, and the Tannery, this is a prime, walkable location that continues to attract quality tenants and strong rental demand. This is not your typical cookie-cutter rental property. Originally built in 1923 and thoughtfully converted, this heritage home blends timeless character, exposed brick, architectural charm, and unique design elements with modern updates and amenities that today's tenants love. Comprised of three well-appointed and fully leased units, the property offers stable income from day one while providing investors with a standout asset that differentiates itself from ordinary purpose-built triplexes. The combination of strong financial performance, irreplaceable character, and unbeatable location makes this a rare opportunity for the savvy investor looking to own a truly special multi-residential property in the heart of the city. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air, Radiant heat, ,

Cooling Central air conditioning

Fireplaces Number 1

Exterior

Parking Features No

Community Features Community Centre

View Y/N No

Attached Garage No

Total Parking Spaces 3

Garage No

Private Pool No

Building

Story 2.5

Sewer Sanitary sewer

Others

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Paul Shantz
Paul Shantz

Agent | License ID: 6008661

+1(519) 829-8656

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54 PARK STREET

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