Property Detail

54 Park Street, Kitchener, ON N2G 1M3 (Victoria St.)

Price : $1,150,000.00 , MLS®# : X12894010

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Judge Kirupairajah
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 Description

Victoria St.

Property Details
  • Community:
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 7
  • Bath: 6
  • Garages: None
  • Annual Property Taxes : $ 8479
Building Features
  • Foundation Type: Concrete Block
  • Counstruction Material : Brick Front-Brick
  • Total Parking Space : 3
  • Parking Type : None
Building Features
  • Heating : Forced AirGas
  • Sewer : Sewer ,
Land (Lot Features)
  • Frontage: 50.8 sq.ft
  • Land Depth: 103.17sq.ft

Listing Contracted With: Trilliumwest Real Estate Brokerage