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$1,150,000
Ontario,Kitchener
For Sale Active
54 PARK Street, Kitchener, Ontario N2G1M3
  • 6
  • 6
  • 3,322 Sqft
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Basic Details
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:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 40811587
  • Price: $1,150,000
  • Bedrooms: 6
  • Bathrooms: 6
  • Square Footage: 3,322 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 284371
Features & Appliances
Features
  • Heating System: Forced air, Baseboard heaters, Radiant heat
  • Cooling System: Central air conditioning
  • Basement: Full, Partially finished
  • Exterior Features: Brick, Concrete, Brick Veneer, Metal
  • Sewer: Municipal sewage system
Address Map
  • Location: CA, Ontario, Kitchener, 313 - Downtown Kitchener/W. Ward, N2G1M3
  • Street: PARK
  • Street Number: 54
  • Street Suffix: Street
  • Longitude: W81° 29' 53.5''
  • Latitude: N43° 26' 53.4''
Additional Information
  • Water Source:
  • Construction Materials:
  • Foundation Details:
  • Lot Features:
  • Lot Size Dimensions: 0.12
  • Number Of Units Total: 3
  • Stories: 2.0
Financial
  • Tax Annual Amount: 8479
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Listing updated: 2026-04-16 15:51:41
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Listing Information
  • List Agent Key: 1829328
  • List Office Key: 284371
  • Modification Timestamp: 2026-03-16T21:45:56Z
  • Originating System Name: Cornerstone Association of REALTORS®
  • Status Change Timestamp: 2026-03-16T21:39:02Z
Powered by REALTOR.ca
Listing updated: 2026-04-16 15:51:41
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