54 PARK STREET, Kitchener, Ontario, N2G1M3
MLS: X12894010 | Triplex
$1,150,000
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
- Bedrooms: 7 (6 above, 1 below)
- Bathrooms: 6 (1 half)
- Attached: Yes
- Fireplaces: 1
- Parking: 3.0 spaces (No Garage)
- Frontage: 51 ft (15.5 m)
Costs
- Annual Taxes: $8,479.00 (2026)
Listing Provided by: Trilliumwest Real Estate Brokerage
Board: OnePoint Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Radiant heat, Forced air, Not known, Not known, Natural gas, Other
- Cooling: Central air conditioning
- Basement: Apartment in basement, N/A
- Appliances: Refrigerator, Water softener, Dishwasher, Stove, Water Heater
Exterior & Construction
- Exterior: Brick, Brick Facing
- Foundation: Block
- Sewer: Sanitary sewer
- Water: Municipal water
Lot & Land
- Frontage: 51 ft (15.5 m)
- Features: Carpet Free
- Zoning: RES-4
Community & Neighbourhood
- Community: Community Centre
- Building: Separate Electricity Meters, Separate Heating Controls, Fireplace(s)
Listing Information
Listing History
MLS listing activity for 54 PARK STREET, Kitchener, Ontario, N2G1M3 — dates reflect when changes were recorded in the DDF
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
Nearby Homes ?Nearby Homes — Search CriteriaSearch Radius1 kmPrice Range±5%Match BedroomsYesMatch BathroomsYes
54 PARK Street, Kitchener
Triplex$1,150,000
$8,479/yr taxListing Courtesy of TrilliumWest Real Estate Brokerage
153 JOSEPH STREET, Kitchener
Other$1,100,000
$7,191/yr taxListing Courtesy of HOMELIFE LANDMARK REALTY INC.
133 JOSEPH Street, Kitchener
Duplex$799,900
$5,168/yr taxListing Courtesy of ROYAL LEPAGE WOLLE REALTY
17 LOUISA Street, Kitchener
Multi-family$4,150,000
$14,444/yr taxListing Courtesy of Real Broker Ontario Ltd.
113 WALTER Street, Kitchener
Duplex$1,199,900
$7,652/yr taxListing Courtesy of GREEN TERRA REALTY INC.
67 LOUISA Street, Kitchener
Fourplex$1,830,000
$7,313/yr taxListing Courtesy of RE/MAX Twin City Realty Inc.
46 COLLEGE Street, Kitchener
Multi-family$12,795,000
$161,341/yr taxListing Courtesy of Real Broker Ontario Ltd.
44 WEBER Street W, Kitchener
Multi-family$2,895,000
$38,127/yr taxListing Courtesy of Real Broker Ontario Ltd.
Similar Homes ?Similar Homes — Search CriteriaSearch Radius5 kmPrice Range±5%Match Home TypeYesMatch BedroomsYes
289 ALBERT Street, Waterloo
Duplex$1,200,000
$8,439/yr taxListing Courtesy of Royal LePage Wolle Realty
1702 RUSSELL ROAD, Ottawa
Triplex$1,150,000
$6,879/yr taxListing Courtesy of ROYAL LEPAGE PERFORMANCE REALTY
54 PARK Street, Kitchener
Triplex$1,150,000
$8,479/yr taxListing Courtesy of TrilliumWest Real Estate Brokerage
18 SULLIVAN'S LANE, Hamilton (Dundas)
Duplex$1,150,000
$7,732/yr taxListing Courtesy of SUTTON GROUP QUANTUM REALTY INC.
23 DOON CREEK Street, Kitchener
Duplex$1,150,000
$6,729/yr taxListing Courtesy of EXP REALTY
255-257 EARL STREET, Kingston (Central City East)
Duplex$1,150,000
$8,941/yr taxListing Courtesy of RE/MAX FINEST REALTY INC., BROKERAGE
218 BROADVIEW AVENUE, Toronto (South Riverdale)
Multi-Family$1,149,990
$5,695/yr taxListing Courtesy of KELLER WILLIAMS ADVANTAGE REALTY
103 BROOK STREET, Blue Mountains
Duplex$1,149,000
$3,701/yr taxListing Courtesy of Bosley Real Estate Ltd.
9 WEST ROAD, Huntsville (Chaffey)
Fourplex$1,149,000
$4,289/yr taxListing Courtesy of RE/MAX Professionals North
109 ETON Drive, Kitchener
Triplex$1,145,000
$5,386/yr taxListing Courtesy of Real Broker Ontario Ltd.
109 ETON DRIVE, Kitchener
Triplex$1,145,000
$5,386/yr taxListing Courtesy of REAL BROKER ONTARIO LTD.
55 COMMERCIAL STREET, Milton (OM Old Milton)
Triplex$1,160,000
$4,939/yr taxListing Courtesy of EASY LIST REALTY LTD.
409 WOODBINE AVENUE, Toronto (The Beaches)
Duplex$1,175,000
$5,843/yr taxListing Courtesy of RE/MAX WEST REALTY INC.
135 BELL STREET, Pembroke
Fourplex$1,125,000
$851/yr taxListing Courtesy of RE/MAX PEMBROKE REALTY LTD.
120-122 SYDNEY STREET, Cornwall
Multi-Family$1,175,000
$7,316/yr taxListing Courtesy of CAMERON REAL ESTATE BROKERAGE
Similar Properties ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±5%Match Home TypeYesMatch BedroomsYes
No active comparables found in this area.
No rental comparables found in this area.
Sold Comparables
Access to sold property data requires a registered and verified account with TRREB DDF integration.
Coming SoonRented Comparables
Access to rented property data requires a registered and verified account with TRREB DDF integration.
Coming SoonBook a Viewing
54 PARK STREET, Kitchener, Ontario, N2G1M3