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About the Listing KW310 - KWKW6514,KWKW6469
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.
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 6 Full
- Appliances: Water Softener, Dishwasher, Dryer, Refrigerator, Stove, Washer
- Air Cond: Central Air
- Heating: Baseboard,Forced Air,Radiant
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2597
- Below Ground Sq Ft: 725
- Basement: Separate Entrance,Walk-Out Access,Full,Partially Finished
- Other: Accessory Apartment
- Water: Municipal
Exterior Details
- Lot Description: Rectangular,City Lot,Library,Park,Playground Nearby,Public Parking,Public Transit
- Garage Capacity: N/A
- Parking Spaces: 3
- Lot Dimensions: 50.08 x 103.17
- Zoning: RES-4
- Roof: Asphalt Shing,Membrane
- Others: Balcony
- Sewer: Sewer (Municipal)
- Parking Features: Private Drive Double Wide,Asphalt
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 224290045
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
54 Park St Kitchener, ON N2G 1M3
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