54 PARK Street, Kitchener, Ontario, N2G1M3

Property Description

Fully occupied legal triplex in one of Downtown Kitchener’s most sought-after investment pockets, offering an impressive 5.35% CAP rate and exceptional long-term upside. Ideally located just steps to Victoria Park and only a couple blocks from Downtown Kitchener, Google, the School of Pharmacy, and the Tannery, this is a prime, walkable location that continues to attract quality tenants and strong rental demand. This is not your typical cookie-cutter rental property. Originally built in 1923 and thoughtfully converted, this heritage home blends timeless character, exposed brick, architectural charm, and unique design elements with modern updates and amenities that today’s tenants love. Comprised of three well-appointed and fully leased units, the property offers stable income from day one while providing investors with a standout asset that differentiates itself from ordinary purpose-built triplexes. The combination of strong financial performance, irreplaceable character, and unbeatable location makes this a rare opportunity for the savvy investor looking to own a truly special multi-residential property in the heart of the city. (id:64974)

Quick Facts

• Property Type: Triplex (Freehold)
• Bedrooms: 6
• Bathrooms: 6
• Living Area: 3,322 sq ft (308.6 m²)
• Above Grade: 2,597 sq ft (241.3 m²)
• Below Grade: 725 sq ft (67.4 m²)
• Ownership: Freehold
• Attached: Yes
• Parking: 3.0 spaces
• Lot Size: 0.1200 acres (0.05 ha)
• Frontage: 50 ft (15.2 m)

Costs

• Annual Taxes: $8,479.00

Listing Provided by: TrilliumWest Real Estate Brokerage
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.