54 PARK Street

About this property

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:66549)

Details

Bedrooms

6

Bathrooms

6

Size

3,322 sq ft

Property type

House

Stories

2

Parking spaces

3

Heating

Baseboard heaters, Radiant heat, Forced air

Neighbourhood

313 - Downtown Kitchener/W. Ward

Postal code

N2G1M3

MLS® Number

40811587

Status

For Sale

Features

• Air Conditioning

Location