Advertising

54 PARK STREET, Kitchener, Ontario, N2G 1M3

MLS® # X12894010

Investment For Sale In Victoria Park, Kitchener, Ontario

$1,150,000

Details
Map
Demographics
Street View
Get Directions

54 Park Street, Kitchener, ON - Outdoor

Unit A - 54 Park Street, Kitchener, ON - Indoor Photo Showing Living Room With Fireplace

Unit A - 54 Park Street, Kitchener, ON - Indoor Photo Showing Living Room

Unit A - 54 Park Street, Kitchener, ON - Indoor Photo Showing Living Room

Unit A - 54 Park Street, Kitchener, ON - Indoor Photo Showing Living Room

Unit A - 54 Park Street, Kitchener, ON - Indoor Photo Showing Kitchen With Upgraded Kitchen

Unit A - 54 Park Street, Kitchener, ON - Indoor Photo Showing Kitchen With Upgraded Kitchen

Unit A - 54 Park Street, Kitchener, ON - Indoor Photo Showing Kitchen With Double Sink

Unit A - 54 Park Street, Kitchener, ON - Indoor Photo Showing Living Room

Unit A - 54 Park Street, Kitchener, ON - Indoor

Unit A Sunroom/ dining room - 54 Park Street, Kitchener, ON - Indoor Photo Showing Other Room

Unit A Sunroom/ dining room - 54 Park Street, Kitchener, ON - Indoor

Unit A main floor 2 pc bath - 54 Park Street, Kitchener, ON - Indoor Photo Showing Bathroom

Unit A Primary Bedroom - 54 Park Street, Kitchener, ON - Indoor Photo Showing Bedroom

Unit A Primary Bedroom - 54 Park Street, Kitchener, ON - Indoor Photo Showing Bedroom

Unit A Primary Bathroom - 54 Park Street, Kitchener, ON - Indoor Photo Showing Bathroom

Unit A Primary Bathroom - 54 Park Street, Kitchener, ON - Indoor Photo Showing Bathroom

Unit A Bedroom 2 - 54 Park Street, Kitchener, ON - Indoor Photo Showing Bedroom

Unit A Main Bath Upper - 54 Park Street, Kitchener, ON - Indoor Photo Showing Bathroom

Unit A Laundry - 54 Park Street, Kitchener, ON - Indoor Photo Showing Laundry Room

Unit A Bedroom 3 or office - 54 Park Street, Kitchener, ON - Indoor

Unit A balcony - 54 Park Street, Kitchener, ON - With Exterior

54 Park Street, Kitchener, ON - Outdoor

54 Park Street, Kitchener, ON - Indoor Photo Showing Other Room

54 Park Street, Kitchener, ON - Indoor Photo Showing Kitchen With Upgraded Kitchen

54 Park Street, Kitchener, ON - Indoor Photo Showing Other Room

54 Park Street, Kitchener, ON - Indoor Photo Showing Kitchen

54 Park Street, Kitchener, ON - Indoor Photo Showing Kitchen

54 Park Street, Kitchener, ON - Indoor Photo Showing Bedroom

54 Park Street, Kitchener, ON - Indoor Photo Showing Bedroom

54 Park Street, Kitchener, ON - Indoor Photo Showing Other Room

54 Park Street, Kitchener, ON - Indoor Photo Showing Other Room

54 Park Street, Kitchener, ON - Indoor Photo Showing Bathroom

54 Park Street, Kitchener, ON - Indoor Photo Showing Other Room

54 Park Street, Kitchener, ON - Indoor Photo Showing Bedroom

54 Park Street, Kitchener, ON - Indoor Photo Showing Bathroom

54 Park Street, Kitchener, ON - Indoor Photo Showing Living Room

54 Park Street, Kitchener, ON - Indoor Photo Showing Living Room With Fireplace

54 Park Street, Kitchener, ON - Indoor

54 Park Street, Kitchener, ON - Outdoor

54 Park Street, Kitchener, ON - Outdoor

54 Park Street, Kitchener, ON - Outdoor

Unit C Kitchen Living area - 54 Park Street, Kitchener, ON - Indoor Photo Showing Kitchen

Uni C - 54 Park Street, Kitchener, ON - Indoor

Unit - 54 Park Street, Kitchener, ON - Indoor Photo Showing Other Room

Unit C Bedroom - 54 Park Street, Kitchener, ON - Indoor Photo Showing Other Room

Unit C Bathroom - 54 Park Street, Kitchener, ON - Indoor Photo Showing Bathroom

Unit C Laundry - 54 Park Street, Kitchener, ON - Indoor Photo Showing Laundry Room

Unit C Bedroom - 54 Park Street, Kitchener, ON - Indoor

Virtual Tour

54 Park Street, Kitchener, ON - Outdoor

Unit A - 54 Park Street, Kitchener, ON - Indoor Photo Showing Living Room With Fireplace

Unit A - 54 Park Street, Kitchener, ON - Indoor Photo Showing Living Room

Unit A - 54 Park Street, Kitchener, ON - Indoor Photo Showing Living Room

Unit A - 54 Park Street, Kitchener, ON - Indoor Photo Showing Living Room

Unit A - 54 Park Street, Kitchener, ON - Indoor Photo Showing Kitchen With Upgraded Kitchen

Unit A - 54 Park Street, Kitchener, ON - Indoor Photo Showing Kitchen With Upgraded Kitchen

Unit A - 54 Park Street, Kitchener, ON - Indoor Photo Showing Kitchen With Double Sink

Unit A - 54 Park Street, Kitchener, ON - Indoor Photo Showing Living Room

Unit A - 54 Park Street, Kitchener, ON - Indoor

Unit A Sunroom/ dining room - 54 Park Street, Kitchener, ON - Indoor Photo Showing Other Room

Unit A Sunroom/ dining room - 54 Park Street, Kitchener, ON - Indoor

Unit A main floor 2 pc bath - 54 Park Street, Kitchener, ON - Indoor Photo Showing Bathroom

Unit A Primary Bedroom - 54 Park Street, Kitchener, ON - Indoor Photo Showing Bedroom

Unit A Primary Bedroom - 54 Park Street, Kitchener, ON - Indoor Photo Showing Bedroom

Unit A Primary Bathroom - 54 Park Street, Kitchener, ON - Indoor Photo Showing Bathroom

Unit A Primary Bathroom - 54 Park Street, Kitchener, ON - Indoor Photo Showing Bathroom

Unit A Bedroom 2 - 54 Park Street, Kitchener, ON - Indoor Photo Showing Bedroom

Unit A Main Bath Upper - 54 Park Street, Kitchener, ON - Indoor Photo Showing Bathroom

Unit A Laundry - 54 Park Street, Kitchener, ON - Indoor Photo Showing Laundry Room

Unit A Bedroom 3 or office - 54 Park Street, Kitchener, ON - Indoor

Unit A balcony - 54 Park Street, Kitchener, ON - With Exterior

54 Park Street, Kitchener, ON - Outdoor

54 Park Street, Kitchener, ON - Indoor Photo Showing Other Room

54 Park Street, Kitchener, ON - Indoor Photo Showing Kitchen With Upgraded Kitchen

54 Park Street, Kitchener, ON - Indoor Photo Showing Other Room

54 Park Street, Kitchener, ON - Indoor Photo Showing Kitchen

54 Park Street, Kitchener, ON - Indoor Photo Showing Kitchen

54 Park Street, Kitchener, ON - Indoor Photo Showing Bedroom

54 Park Street, Kitchener, ON - Indoor Photo Showing Bedroom

54 Park Street, Kitchener, ON - Indoor Photo Showing Other Room

54 Park Street, Kitchener, ON - Indoor Photo Showing Other Room

54 Park Street, Kitchener, ON - Indoor Photo Showing Bathroom

54 Park Street, Kitchener, ON - Indoor Photo Showing Other Room

54 Park Street, Kitchener, ON - Indoor Photo Showing Bedroom

54 Park Street, Kitchener, ON - Indoor Photo Showing Bathroom

54 Park Street, Kitchener, ON - Indoor Photo Showing Living Room

54 Park Street, Kitchener, ON - Indoor Photo Showing Living Room With Fireplace

54 Park Street, Kitchener, ON - Indoor

54 Park Street, Kitchener, ON - Outdoor

54 Park Street, Kitchener, ON - Outdoor

54 Park Street, Kitchener, ON - Outdoor

Unit C Kitchen Living area - 54 Park Street, Kitchener, ON - Indoor Photo Showing Kitchen

Uni C - 54 Park Street, Kitchener, ON - Indoor

Unit - 54 Park Street, Kitchener, ON - Indoor Photo Showing Other Room

Unit C Bedroom - 54 Park Street, Kitchener, ON - Indoor Photo Showing Other Room

Unit C Bathroom - 54 Park Street, Kitchener, ON - Indoor Photo Showing Bathroom

Unit C Laundry - 54 Park Street, Kitchener, ON - Indoor Photo Showing Laundry Room

Unit C Bedroom - 54 Park Street, Kitchener, ON - Indoor

Advertising

54 PARK STREET, Kitchener, Ontario, N2G 1M3

$1,150,000

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
Amenities: Separate Hydro Meters, Separate Heating Controls
Basement Type: N/A
Exterior Finish: Brick
Fireplace: Yes
Floor Space: 2500 - 3000 sqft
Foundation Type: Block
Heating Type: Forced air, Radiant heat
Heating Fuel: Natural gas, Other
Cooling Type: Central air conditioning
Appliances: Water softener, Dishwasher, Stove, Refrigerator

Property Features:

Property Type: Multi-family
Half Bathrooms: 1
Amenities Nearby: Park, Public Transit, Hospital, Golf Nearby
Community Features: Community Centre
Features: Carpet Free
Floor Space (approx): 2500 - 3000 Square Feet
Irregular: Yes
Lot Depth: 103.2 Feet
Lot Frontage: 50.8 Feet
Lot Size: 50.8 x 103.2 FT
Zoning: RES-4
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 3

Courtesy of: Trilliumwest Real Estate Brokerage

Rating:

Notes:

Market Price Trends

Location of 54 PARK STREET, Kitchener, Ontario, N2G 1M3

Lifestyle
Neighbourhood

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 %

Own Vs. Rent

54 PARK STREET, Kitchener, Ontario, N2G 1M3 $1,150,000 MLS® # X12894010