514 Krug St
Kitchener, N2B 1L6
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4 + 1
BEDROOMS3
BATHROOMS2 + 1
KITCHENS10 + 5
ROOMSX8014692
MLSIDContact Us
Property Description
R5 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 meters. 7 parking spots, a shed, tenant storage, and recent updates, including forced air furnace (2 years), driveway (10 years), and 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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Property Features
Hospital, Park, Public Transit, School
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Property Details
Street
City
Property Type
Triplex, 2-Storey
Lot Size
54' x 176'
Acreage
< .50
Lot Irregularities
53.50Ft X 176.19Ft X 52.01Ft X 187.09Ft
Fronting
East
Taxes
$4,654 (2023)
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 $1,100,000, which is $10,000 (0.9%) lower than the average sold price of $1,110,000 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 4 bedroom home in Kitchener declined by $42,702 (3.7%) compared to the previous 30 day period (March 15 - April 13) and up $18,137 (1.7%) from the same time one year ago.Inventory Change
There were 74 4-bedroom homes listed in Kitchener over the last 30 days (April 14 - May 13), which is up 124.2% compared with the previous 30 day period (March 15 - April 13) and up 184.6% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Kitchener typically sold $9,249 (0.8%) above asking price over the last 30 days (April 14 - May 13), which represents a $10,503 increase compared to the previous 30 day period (March 15 - April 13) and $49,790 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 (April 14 - May 13) stood at 43.2%, down from 112.1% over the previous 30 days (March 15 - April 13) and down from 126.9% 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 13 days when successfully sold over the last 30 days (April 14 - May 13), compared to 45 days before being removed from the market upon being suspended or terminated.Listing contracted with Psr
Similar Listings
TRIPLEX ON LARGE LOT. R5 ZONING. Situated close to transit stop and neighbourhood plaza. Desirable, strategically located for convenient access to highways and amenities. 2 2-bedroom & 1 1-bedroom unit. Separate hydro meters. 7 parking spots, shed, tenant storage. Updates included forced air gas furnace (3 years), driveway (11 years), roof (14 years). An excellent opportunity to add to your multiplex portfolio. This triples offers immediate income potential and long-term value. Minimum 24 hours notice required for all showings but more is appreciated.
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