54 PARK Street
History
Details
- MLS®#
- copy
- Type
- Multi-family
- Size (sqft)
- 3000-3500
- Lot Size
- Contact Agent
- Parking
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3 Total Parking Spaces
0 Garage
0 Parking Spaces
- Listing Date
- 2026-03-16
- Fireplace
- False
- Air Conditioning
- Central air conditioning
- Broker
- TrilliumWest Real Estate Brokerage
About
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:20186)
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The MLS® mark and associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
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The REALTOR® trademark is controlled by The Canadian Real Estate Association (CREA) and identifies real estate professionals who are members of CREA.
Investment Analysis
Schools
Elementary (JK-G8)
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Fraser Rank(2018) 2925 / 3052 English
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English
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St John C Elem School 610 mFraser Rank(2018) 2805 / 3052 Catholic English
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St Bernadette C Elem School 1.8 kmFraser Rank(2018) 2657 / 3052 Catholic English
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St Teresa C Elem School 2.5 kmFraser Rank(2018) 532 / 3052 Catholic English
Secondary (G9-G12)
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Secondary
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Secondary
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Secondary
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Fraser Rank(2023) 238 / 747 Secondary Catholic English AP
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St Mary's High School 4.1 kmFraser Rank(2023) 367 / 747 Secondary Catholic English AP
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Fraser Rank(2023) 86 / 747 Secondary Catholic English AP
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McMaster University - Waterloo Regional Campus 504 m10B Victoria Street South, Kitchener ON N2G 1C5 Canada(519)885-5426ext2110
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University of Waterloo - Kitchener - Pharmacy 567 m10A Victoria St. S., Kitchener, Ontario, Canada N2G 1C5(519)888-4499
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Wilfrid Laurier University - Kitchener Campus 913 m120 Duke Street West, Kitchener, Ontario, N2H 3W8(519)884-0710
Neighbourhood
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Kitchener Go Train Line：Kitchener 1.1 km
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T&T Supermarket 3.2 km50 Westmount Road, Waterloo, ON
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