54 Park Street, Kitchener, ON N2G 1M3, Kitchener, ON, N2G 1M3
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.
Quick Facts
- Property Type: Triplex
- Style: 2 1/2 Storey
- Bedrooms: 7 (6 above, 1 below)
- Bathrooms: 6
- Fireplaces: 1
- Parking: 3.0 spaces
- Lot Size: 5,167 sq ft (480.0 m²)
Costs
- Annual Taxes: $8,479.00 (2025)
Listing Provided by: Trilliumwest Real Estate Brokerage
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: Central Air
- Basement: Apartment
- Fireplace Features: Natural Gas
Exterior & Construction
- Style: 2 1/2 Storey
- Roof: Asphalt Shingle
- Construction: Brick Front, Brick
- Foundation: Concrete Block
- Sewer: Sewer
Lot & Land
- Lot Size: 5,167 sq ft (480.0 m²)
- Pool: None
- Zoning: RES-4
Listing Information
Listing History
Sold history, price changes, and days-on-market are reserved for registered users.
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54 Park Street, Kitchener, ON N2G 1M3, Kitchener, ON, N2G 1M3