Your Trusted Partner in Real Estate. Contact me at 647-901-7116 for all your property needs.
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)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
Cancel any time.
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
- 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:
- No
- Features:
- Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
- 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
- Listed Date:
- Mar 16, 2026
-
Photo 1 of 50 -
Unit A
-
Unit A
-
Unit A
-
Unit A
-
Unit A
-
Unit A
-
Unit A
-
Unit A
-
Unit A
-
Unit A
-
Unit A
-
Main floor 2 pc -Unit A
-
Primary Bedroom Unit A
-
Unit A
-
Primary Bath Unit A
-
Primary Bath Unit A
-
Second Bedroom Unit A
-
Unit A main Bath
-
Unit A Main Bath
-
Unit A Laundry
-
Unit A Office/ 3rd bedroom
-
Unit A
-
Photo 24 of 50
-
Unit B
-
Unit B
-
Unit B
-
Unit B
-
Unit B
-
Unit B
-
Unit B
-
Unit B
-
Bath 2 Unit B
-
Unit B Main Bathroom with bedroom and hall entry
-
Unit B Main Bath
-
Unit B- Bedroom 2 with ensuite bathroom
-
Unit B Bedroom 2
-
Unit B back entry
-
Unit B entry, laundry to bathroom and back bedroom
-
Unit B - Side Entry Acess
-
Unit B- second entrance at back
-
Unit B
-
Unit B
-
Unit C
-
Photo 45 of 50
-
Unit C
-
Unit C
-
Unit C Bedroom
-
Unit C Bedroom
-
Unit C
Virtual Tour
Virtual Tour 2
Additional Photos
Listed by TrilliumWest Real Estate Brokerage
Data was last updated April 11, 2026 at 07:50 AM (UTC)
Area Statistics
- Listings on market:
- 11
- Avg list price:
- $1,150,000
- Min list price:
- $650,000
- Max list price:
- $1,519,900
- Avg days on market:
- 26
- Min days on market:
- 5
- Max days on market:
- 163
- Avg price per sq.ft.:
- $346.18
These statistics are generated based on the current listing's property type
and located in
3 - Kitchener West. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- SURESH KUMAR
- RE/MAX TWIN CITY REALTY INC.
- 1 (647) 9017116
- Contact by Email
Contact Us
Direct: 647-901-7116
info@sureshkangayam.com
Head Office
901 Victoria Street, North
Kitchener, ON, N2B 3C3
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.