514 KRUG STREET, Kitchener, Ontario, N2B1L6

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. (id:64974)

Quick Facts

• Property Type: Triplex
• Bedrooms: 5 (4 above, 1 below)
• Bathrooms: 3
• Attached: Yes
• Parking: 7 spaces (No Garage)
• Frontage: 54 ft (16.3 m)

Costs

• Annual Taxes: $5,209.57

Listing Provided by: PSR
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.