514 Krug Street

Kitchener, N2B 1L6
FOR SALE
$949,900
514 Krug Street, Kitchener
514 Krug Street
514 Krug Street
514 Krug Street
514 Krug Street
514 Krug Street
514 Krug Street
514 Krug Street
514 Krug Street
514 Krug Street
514 Krug Street
514 Krug Street
514 Krug Street
514 Krug Street
514 Krug Street
514 Krug Street
514 Krug Street
514 Krug Street
514 Krug Street
514 Krug Street
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4 + 1
BEDROOMS
3
BATHROOMS
2 + 1
KITCHENS
10 + 4
ROOMS
X12672866
MLSID
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Property Description
Investor Alert! This triplex is located on a large lot, property zoned RES-5, offering huge potential. The seller has conceptual drawings available; these drawings are for reference only. The Property Is Separately Metered, Well Maintained And Offers 2 x 2 Beds, 1 x 1 Bed And Plenty Of Parking. The Upper Unit Is Beautifully Renovated (2025) And Rented For $1,900/Month + Hydro. Rents Are Plus Hydro. The Middle Unit Is Currently Rented At $1,800/Month + Hydro. All Tenants Are In Good Standing With No Open Claims. Updates Include: Furnace (2021), Hot Water Tank (2019), Driveway (2013), Roof (2010), And Windows (2003). Conveniently Located Across From A Shopping Plaza And Close To Stanley Park Conservation Area, Walter Bean Trail, Idlewood Pool, Splash Pads, Schools, Transit, And Major Highways. A Solid Portfolio Addition With Long-Term Upside.
Property Features
Hospital, Park, Public Transit, School, Water Heater, Separate Hydro Meter, Available, Private, Other, Reserved/Assigned
Property Details
Address
514 Krug Street
Postal Code
N2B 1L6
Property Type
Triplex, Triplex
Zoning
RES-5
Lot Size
54' x 176'
Taxes
$5,210 (2025
Basement
Apartment, Separate Entrance
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
7
Garage Type
None
Listing contracted with Psr
7 Balmoral Drive, Kitchener
5
BEDS
3
BATHS
$949,000
FOR SALE
Purpose-Built Triplex in the Belmont Village, Waterloo High Tech Hub!! This upgraded triplex in a quiet and desirable neighborhood steps from KW's high-tech community, offering exceptional income potential in a highly desirable location. Purpose-built and thoughtfully designed, the property features two spacious 2-bedroom units, each with private entrances, as well as a bright and generously sized 1-bedroom lower unit with abundant natural light. The upper and middle units also feature a walkout balcony, adding to their appeal. Each unit is separately metered for hydro, with an additional common meter and a shared laundry facility to streamline operations. All units will be vacant on closing, providing the flexibility to set market rents and maximize returns from day one. There is also parking for approximately six vehicles, offering excellent convenience for tenants or future owners. Extra shed in the parking lot for extra storage! Recent upgrades include updated flooring, new roof shingles (2019), ensuring low ongoing maintenance and long-term value. Ideally located near transit, parks, hospitals, and major amenities, this triplex is VACANT and a strong income generator in a thriving and desirable neighbourhood. Don't miss this is low-risk, high-reward investment opportunity with lasting potential!
197 Palmer Avenue, Kitchener
3+1
BEDS
3
BATHS
$839,900
FOR SALE
Don't miss this exceptional opportunity to own a cash-flowing, fully updated legal triplex in the heart of the city. Perfect for the savvy investor or owner-occupant, this property offers impressive income potential with top-to-bottom renovations. The main floor and upper unit are currently vacant, freshly painted, and ready for immediate possession. The lower unit is tenanted, providing instant income. This property has been meticulously upgraded with a modern metal roof, new windows and doors, and updated electrical and plumbing systems meeting today's standards. Inside, each suite features stylish new flooring, contemporary bathroom finishes, private entrances, and in-suite laundry for ultimate tenant appeal. Outdoor spaces include spacious verandas and balconies, perfect for enjoying morning coffee or evening sunsets. Move-in ready and designed to attract high-quality tenants, this triplex combines modern convenience, classic charm, and strong income potential. Whether you're looking to expand your portfolio or move into one unit and rent out the others, this is a turnkey investment you won't want to miss!
62 Bond Street, Kitchener
4
BEDS
3
BATHS
$799,900
FOR SALE
Discover this charming legal triplex located at 62 Bond St in the heart of Kitchener offering a fantastic opportunity for investors or those seeking a multi-family residence. Situated in a vibrant neighborhood close to downtown Kitchener, public transit, shopping, dining, schools, and parks, this well-maintained property features three spacious, self-contained units. Each unit boasts bright, inviting layouts with comfortable living spaces. This triplex offers two-1-bedroom units with one unit having a den and a two-bedroom unit. 62 Bond St presents strong income potential, making it an excellent choice for savvy investors or owner-occupants who want to generate rental income while enjoying the benefits of a comfortable home. Its proximity to major highways and transportation corridors adds to its convenience.
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