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:4069)
Address
54 PARK Street
List Price
$1,150,000
Property Type
Multi-family
Type of Dwelling
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Kitchener
Bedrooms
6
Bathrooms
6
Floor Area
3,322 Sq. Ft.
Lot Size
0.12 Sq. Ft.
MLS® Number
40811587
Listing Brokerage
TrilliumWest Real Estate Brokerage
Basement Area
Full (Partially finished)
Postal Code
N2G1M3
Zoning
RES-4
Site Influences
Park, Playground, Public Transit
Features
Paved driveway
