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 Heater, Water softener, Dishwasher, Stove, Refrigerator
Features:  Carpet Free
Rental Equipment:  Water Heater
Fireplace Total:  1
Directions:  Cross Streets: Victoria St. ** Directions: Victoria St. to Park St.
Zoning Description:  RES-4
Interior Size:  2500 - 3000 sqft
Community Features:  Community Centre
Amenities:  Fireplace(s), Separate Electricity Meters, Separate Heating Controls
Lot:  50.8 x 103.2 FT|under 1/2 acre 50.8 x 103.2 FT
Exterior Finish:  Brick Facing, Brick
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas, Other / Central air conditioning
Age: 100+ years
Foundation: Block
Basement:  N/A

Rooms & Sizes