Space
Finished area and layout
- Living Area
- 3,322 sqft
- Above Grade
- 2,597 sqft (Other)
- Below Grade
- 725 sqft (Other)
- Finished Breakdown
- Above 2,597 sqft + Below 725 sqft
- Bedrooms
- 7
- Bathrooms
- 6
+45 more
7
Bedrooms
6
Bathrooms
3,322 sqft
Living Area
0.12 ac
Lot
3
Parking
Property Snapshot
Key details for this listing
MLS #40811587
Property
Type, style and structure
About This Property
This 7-bedroom, 6-bathroom multi-family in Kitchener offers 3,322 sqft of living area on a 0.12 ac lot. 2 storeys. The property has lot dimensions of 50.8 x 103.2 FT. The home features radiant heat, forced air, natural gas, other heating, central air conditioning, a apartment in basement, n/a basement, a fireplace.
MLS Remarks
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:60351)
Full Listing Details
Address54 PARK STREET
MLS#40811587
Listing StatusActive
Property TypeResidential
Sub-TypeMulti-family
TransactionSale
Days on Market101
Common InterestFreehold
Annual Tax$8,479 (2026)
Parking3
Parking TypeNo Garage
Structure TypeTriplex
AttachedAttached
StyleMultiplex
Building FeaturesSeparate Electricity Meters, Separate Heating Controls, Fireplace(s)
Bedrooms7
Bathrooms6
Half Baths1
Bedrooms Above Grade6
Bedrooms Below Grade1
Living Area3,322 sqft
Above Grade Area2,597 sqft (Other)
Below Grade Area725 sqft (Other)
Stories2
CityKitchener
ProvinceOntario
Postal CodeN2G1M3
Subdivision313 - Downtown Kitchener/W. Ward
Lot Size0.12 ac
Lot Dimensions50.8 x 103.2 FT
Frontage50.8 ft
Lot Depth103.2 ft
Lot FeaturesCarpet Free
Zoning DetailsRES-4
Total Parking3
Parking FeaturesNo Garage
HeatingRadiant heat, Forced air, Natural gas, Other
CoolingCentral air conditioning
BasementApartment in basement, N/A
FoundationBlock
AppliancesRefrigerator, Water softener, Dishwasher, Stove, Water Heater
ExteriorBrick, Brick Facing
FireplaceYes (1)
SewerSanitary sewer
Water SourceMunicipal water
Annual Tax$8,479 (2026)
Cross Streets: Victoria St. ** Directions: Victoria St. to Park St.
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