Re-listed 6 days ago

514 Krug St, Kitchener, Ontario N2B 1L6

Townhouse
4 + 1
3
~1500-2000 sqft
$965,000
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Townhouse
4 + 1
3
~1500-2000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$563/sqft

Est. Mortgage$4,144/mo

Tax Amount (2024)$4,888/yr

Days On Market6 days

Total Days On Market95 days


Description

Investor Alert! Triplex with Development Potential! This property is zoned RES-5, offering excellent potential to add more units on the massive 53FT x 176FT deep lot (drawing for a proposed 4-unit build with parking plan available). 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 and vacant, ideal for market rent or owner occupancy. The middle unit is currently rented at $1,800/month. 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 Details

Style2-Storey
View-
Age of property51-99
SqFt~1500-2000 SqFt
Lot Size9,426 SqFt(176.19 x 53.5)
Parking Spaces7
MLS ®NumberX12175797
Community NameRosemount
Data SourceTRREB
Listing byPSR

Features

Heating: Forced Air
Basement: Apartment, Sep Entrance

Flat Floor

Living

0.0 x 0.0

Kitchen

0.0 x 0.0

Br

0.0 x 0.0

2nd Br

0.0 x 0.0


Features

Lot size: 9,426 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 7


Property listed by PSR, Brokerage

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Market Data - Rosemount

Geo Zone Map ThumbnailRosemount

Strong Seller's Market

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Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

0 day

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2024

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2023

0 day

New Listings

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2024

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2023

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Units sold

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0 unit

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Median Sold Price

Past 30 days

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Population and Demographics

Overview

Total population 4933
Average household income $112,975

Age (%)

50 to 64
22%
20 to 34
21%
65 and plus
20%
0 to 19
19%
35 to 49
19%

Household composition (%)

Single family
61%
Single person
34%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
88%
Others
5%
German
2%
Spanish
2%
French
1%

House tenancy (%)

Owners
62%
Renters
38%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget