54 Park St, Kitchener, ON N2G 1M3, Canada
54 Park St, Kitchener, ON N2G 1M3, CanadaBasics
- Date added: Added 20 hours ago
- Category: Residential Income
- Type: Multi-3 Unit
- Status: Active
- Bedrooms: 6
- Bathrooms: 6
- Area: 2597 sq ft
- County Or Parish: Waterloo
- Lot Size Square Feet: 5227.2 sq ft
- Lot Size Acres: 0.12 sq ft
- MLS ID: 40811587
Description
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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.
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Location
- Parking Total: 3
- Directions: Near Park St and Victoria st
Building Details
- Number Of Units Total: 3
- Building Area Total: 3322 sq ft
- Number Of Buildings: 0
- Parking Features: Asphalt
- Construction Materials: Brick, Brick Veneer, Block, Metal/Steel Siding
- Roof: Asphalt Shing, Membrane
Amenities & Features
- Water Source: Municipal
- Patio & Porch Features: Deck, Porch
- Appliances: Water Softener, Dishwasher, Dryer, Refrigerator, Stove, Washer
- Sewer: Sewer (Municipal)
- Exterior Features: Balcony
- Cooling: Central Air
- Interior Features: Accessory Apartment
- Heating: Baseboard, Forced Air, Radiant