514 Krug St, Kitchener, Ontario N2B 1L6
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Highlights
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Price/Sqft$563/sqft
Monthly cost
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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
Interior
Features
Flat Floor
Living
0.0 x 0.0Kitchen
0.0 x 0.0Br
0.0 x 0.02nd Br
0.0 x 0.0Exterior
Features
Parking
Garage spaces -
Garage type -
Total parking spaces 7
Property History
