54 Park Street, Kitchener ON

About 54 Park Street

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:56071). Get more information on 54 Park Street

Property Features

Appliances:  Water softener
Features:  Paved driveway
Rental Equipment:  Water Heater
Directions:  Near Park St and Victoria st
Zoning Description:  RES-4
Interior Size:  3322 sqft
Lot:  0.12 ac|under 1/2 acre 0.12
Exterior Finish:  Brick, Brick Veneer, Concrete, Metal
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   / Central air conditioning
Age: 
Foundation: Block
Construction:  Concrete block, Concrete Walls
Basement:  Full (Partially finished) Partially finished

Rooms & Sizes