54 Park Street
Kitchener
N2G 1M3
$1,150,000
Residential Income
beds: 6
baths: 6.0
3,322 sq. ft.
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- 40811587
- Bedrooms:
- 6
- Bathrooms:
- 6
- Photos (50)
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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.
- Property Type:
- Residential Income
- Property SubType:
- Multi-3 Unit
- Listing General Location:
- 313 - Downtown Kitchener/West Ward, 3 - Kitchener West
- Bedrooms:
- 6
- Bathrooms:
- 6.0 (Full:-/Half:-)
- Lot Size:
- 5,227 sq. ft.
- Lot Details:
- 50.08 x 103.17
- Lot Depth:
- 103'2"
- Lot Frontage:
- 50'1"
- Kitchens:
- 0
- County Or Parish:
- Waterloo
- Taxes:
- Signup
- Features:
- Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
- Construction:
- Brick, Brick Veneer, Block, Metal/Steel Siding
- Basement:
- Separate Entrance, Walk-Out Access, Full, Partially Finished
- Foundation:
- Brick/Mortar, Concrete Block
- Roof:
- Asphalt Shing, Membrane
- Number of Storeys:
- 2
- Number of Buildings:
- 0
- Other Structures:
- Shed(s), Storage
- Total Floor Area:
- 3,322 sq. ft.
- Finished Area Above Grade:
- 2,597 sq. ft.
- Finished Area Below Grade:
- 725 sq. ft.
- Fireplace:
- false
- Laundry Features:
- In-Suite
- Water Supply:
- Municipal
- Sewer:
- Sewer (Municipal)
- Cooling:
- Central Air
- Heating:
- Baseboard, Forced Air, Radiant
- None
- Water Softener, Dishwasher, Dryer, Refrigerator, Stove, Washer
- Tenants Belongings
- Accessory Apartment
- Balcony
- Deck, Porch
- false
- No
- Near Park St and Victoria st
- No
- HST Applicable To Sale Price:
- Yes
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Association Fee 2:
- Signup
- Association Fee 2 Frequency:
- Signup
- Administrative Fee:
- Signup
- Features:
- Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
- Road Access Fee:
- Signup
- Leases:
- Yes
- Zoning:
- RES-4
- Total Acres:
- 0.12
- Lot Site Features:
- Rectangular, City Lot, Library, Park, Playground Nearby, Public Parking, Public Transit
- Features:
- Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
- Parking:
- Asphalt
- # Of Total Parking Spaces:
- 3.0
- # Of Open Parking Spaces:
- 3.0
- Driveway Parking:
- Private Drive Double Wide
- Num Apartment Units:
- 0
- Num Bachelor Units:
- 0
- Num Efficiency Units:
- 0
- Num Loft Units:
- 0
- Num Other Units:
- 0
- Num Penthouse Units:
- 0
- Num Studio Units:
- 0
- Num Occupied Units:
- 3
- Total Units:
- Signup
- Listed Date:
- Mar 16, 2026
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Main floor 2 pc -Unit A
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Primary Bedroom Unit A
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Primary Bath Unit A
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Primary Bath Unit A
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Second Bedroom Unit A
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Unit A main Bath
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Unit A Main Bath
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Unit A Laundry
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Unit A Office/ 3rd bedroom
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Bath 2 Unit B
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Unit B Main Bathroom with bedroom and hall entry
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Unit B Main Bath
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Unit B- Bedroom 2 with ensuite bathroom
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Unit B Bedroom 2
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Unit B back entry
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Unit B entry, laundry to bathroom and back bedroom
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Unit B - Side Entry Acess
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Unit B- second entrance at back
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Unit B
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Unit B
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Unit C
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Unit C
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Unit C Bedroom
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Unit C Bedroom
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Unit C
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Listed by TrilliumWest Real Estate Brokerage
Data was last updated March 17, 2026 at 11:50 AM (UTC)
- Brian Santos
- Broker
- 519-404-9967
- Contact by Email
Quick Links
Contact Me
Cell: 519-404-9967
brian@grandlivingwr.com
RE/MAX Twin City Realty Inc.
83 Erb St W Waterloo, ON N2L 6C2