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Listed price in listed location currency (CAD).
$1,150,000

663

MLS® 40811587

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 2597 sqft
Garage No
Taxes $8,479
Days Active 10
Lot Size 0.12 acres
Approx. Age 
Avg. Price Per Sqft $442
MLS® Number 40811587

Property Address: 54 Park St, Kitchener, ON, N2G1M3

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number40811587
Laundry LevelIn-Suite
Central VacNo
FireplaceNo
Acreage0.12
Exterior
GarageNo
Approx. Age
BasementSeparate Entrance, Walk-Out Access, Full, Partially Finished
DrivewayAsphalt
Garage Spaces
Heat
A/C
Heating Fuel

Extras

None

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 16, 2026List Date
$1,150,000List Price
  • Commute

Commute

Starting Address
Destination Address
54 Park St, Kitchener, ON

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