514 Krug St
Kitchener, N2B 1L6
FOR SALE
$965,000
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4 + 1
BEDROOMS3
BATHROOMS2 + 1
KITCHENS10 + 5
ROOMSX11991725
MLSIDContact Us
Property Description
RES-5 ZONING. TRIPLEX ON LARGE LOT. Across From Bus Transportation And A Shopping Plaza. Centrally Located Near Major Highways And Amenities. Strategically Located In A Highly Desirable Area Of Kitchener. This Property Boasts Two 2-Bedroom Units And One 1-Bedroom Unit, Each Equipped With Separate Hydro Metres. 7 Parking Spots, A Shed, Tenant Storage, And Recent Updates, Including Forced Air Furnace (2 Years), Driveway (10 Years), And A Roof (13 Years). An Excellent Investment Opportunity To Add To Your Multiplex Portfolio. This Triplex Offers Both Immediate Income Potential And Long-Term Value. Minimum 24 Hours Notice Is Required For All Showings.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-10-22 | 2025-01-21 | 92 | $965,000 | - | Expired |
| 2024-07-15 | 2024-09-30 | 77 | $999,900 | - | Expired |
| 2024-05-13 | 2024-07-05 | 53 | $999,900 | - | Terminated |
| 2024-01-22 | 2024-05-13 | 112 | $1,100,000 | - | Terminated |
Property Features
Hospital, Park, Public Transit, School
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Property Details
Street
City
Property Type
Triplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
54' x 176'
Lot Irregularities
53.50FT X 176.19FT X 52.01FT X 187.09 FT
Fronting
East
Taxes
$4,888 (2024)
Basement
Apartment, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
7
Driveway
Private
Garage Type
None
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Kitchener Market Statistics
Kitchener Price Trend
514 Krug St is a 4-bedroom 3-bathroom home listed for sale at $965,000, which is $65,000 (6.3%) lower than the average sold price of $1,030,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in Kitchener increased by $15,625 (1.5%) compared to the previous 30 day period (December 22 - January 20) and up $186,760 (22.1%) from the same time one year ago.Inventory Change
There were 38 4-bedroom homes listed in Kitchener over the last 30 days (January 21 - February 19), which is up 40.7% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Kitchener typically sold ($26,300) (2.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $15,528 decrease compared to the previous 30 day period (December 22 - January 20) and $2,761 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Kitchener over the last 30 days (January 21 - February 19) stood at 39.5%, down from 44.4% over the previous 30 days (December 22 - January 20) and down from 80.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Kitchener stood at 43 days when successfully sold over the last 30 days (January 21 - February 19), compared to 64 days before being removed from the market upon being suspended or terminated.Listing contracted with Psr
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