Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Triplex
Basement Development: Partially finished
Basement Type: Full
Construction Material: Concrete block, Concrete Walls
Exterior Finish: Brick, Concrete, Metal
Floor Space: 3322 sqft
Foundation Type: Block
Heating Type: Baseboard heaters, Forced air, Radiant heat
Cooling Type: Central air conditioning
Appliances: Water softener

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Bedrooms: 6
Bathrooms: 6
Amenities Nearby: Park, Playground, Public Transit
Features: Paved driveway
Floor Space (approx): 3322 Square Feet
Irregular: Yes
Lot Depth: 103 Feet
Lot Frontage: 50 Feet
Lot Size: 0.12 Acres
Structure Type: Shed, Porch
Zoning: RES-4
Sewer: Municipal sewage system
No. of Parking Spaces: 3

Courtesy of: Bosley Real Estate Ltd., TrilliumWest Real Estate Brokerage

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Demographic Information of 54 PARK Street, Kitchener, Ontario, N2G 1M3

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$103,238.99

Average Number of Children

1.72

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.43 %

High school certificate or equivalent

28.62 %

Apprenticeship trade certificate/diploma

3.99 %

College/non-university certificate

20.03 %

University certificate (below bachelor)

2.48 %

University Degree

28.44 %

Commuter

Travel To Work

By Car

79.25 %

By Public Transit

8.75 %

By Walking

7.83 %

By Bicycle

0.74 %

By Other Methods

3.43 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.29 %

Houses

43.71 %

54 PARK Street, Kitchener, Ontario, N2G 1M3