54 Park ST, Kitchener, ON N2G 1M3
54 Park ST, Kitchener, ON N2G 1M3
54 Park ST, Kitchener, ON N2G 1M3
49
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$1,150,000
Est. payment /mo
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7 Beds
6 Baths
Active

54 Park ST Kitchener, ON N2G 1M3

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Nisha K Pawa

Nisha K Pawa

+1(416) 894-7948

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

MLS Listing ID X12894010

Style 2 1/2 Storey

Bedrooms 7

Annual Tax Amount $8,479

Tax Year 2025

Property Sub-Type Triplex

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.

Location

Province ON

County Waterloo

Area Waterloo

Rooms

Family Room Yes

Basement Apartment

Kitchen 4

Separate Den/Office 1

Interior

Interior Features Carpet Free, Primary Bedroom - Main Floor, Separate Hydro Meter, Separate Heating Controls, Storage, Water Heater, Water Softener

Cooling Central Air

Fireplaces Type Natural Gas

Fireplace Yes

Heat Source Gas

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 50.8

Lot Depth 103.17

Total Parking Spaces 3

Building

Building Age 100+

Unit Features Park,Public Transit,Hospital,Library,Rec./Commun.Centre,Golf

Foundation Concrete Block

Others

ParcelsYN No

Virtual Tour https://unbranded.youriguide.com/unit_a_54_park_st_kitchener_on/

Listed by Trilliumwest Real Estate Brokerage

Nearby Locations

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Nisha K Pawa

Nisha K Pawa

+1(416) 894-7948

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54 Park ST