view of front facade featuring brick siding and a porch Features: gutters, brick siding, porch, downspout, concrete foundation

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living room with dark wood-style floors, a tray ceiling, recessed lighting, a glass covered fireplace, and a textured ceiling Features: recessed lighting, natural light, sink, wood finish floor, refrigerator, textured ceiling, dishwasher, range hood, range oven, drywall, fireplace, tray ceiling, u shaped kitchen, vent

living area featuring wood-type flooring, radiator, and a textured ceiling Features: radiator, stairs, textured ceiling, drywall, smoke carbon monoxide detector, baseboards wall, vent, natural light, wood finish floor

living room with radiator, a textured ceiling, and wood finished floors Features: wood finish floor, baseboards wall, smoke carbon monoxide detector, textured ceiling, radiator, drywall, vent, natural light, stairs

living area featuring radiator heating unit, light wood-type flooring, and a textured ceiling Features: range hood, stairs, textured ceiling, drywall, range oven, baseboards wall, radiator, wood finish floor, recessed lighting

kitchen with stainless steel appliances, a kitchen breakfast bar, backsplash, a peninsula, and dark wood-type flooring Features: refrigerator, wood finish floor, raised cabinets, kitchen peninsula, vent, sink, dishwasher, natural light, textured ceiling, drywall, range hood, recessed lighting, tray ceiling, range oven, backsplash, gray cabinets, stone countertops, white cabinets, u shaped kitchen, kitchen bar

dual tone kitchen with a peninsula, a kitchen bar, stainless steel appliances, open floor plan, and light stone countertops Features: natural light, raised cabinets, refrigerator, range oven, kitchen peninsula, dishwasher, backsplash, white cabinets, range hood, stone countertops, wood finish floor, kitchen bar, gray cabinets, vent, drywall, recessed lighting, opens to living area, sink

kitchen with stainless steel appliances, white cabinets, light stone counters, decorative backsplash, and gray cabinetry Features: raised cabinets, white cabinets, range oven, dishwasher, sink, range hood, gray cabinets, stone countertops, backsplash, natural light

living area featuring wood finished floors and radiator Features: fireplace, drywall, natural light, baseboards wall, wood finish floor, radiator, stairs

detailed view of wood finished floors, freestanding refrigerator, and a multi sided fireplace Features: wood finish floor, drywall, baseboards wall, fireplace, refrigerator, vent

sunroom with wood finished floors, a textured ceiling, and french doors Features: radiator, wood finish floor, french doors, baseboards wall, textured ceiling, natural light, drywall

sitting room with dark wood-type flooring, a textured ceiling, and ornamental molding Features: wood finish floor, sink, natural light, textured ceiling, crown molding, refrigerator, dishwasher, baseboards wall, drywall

half bath with vanity and dark wood-type flooring Features: vanity, baseboards wall, half bathroom, wood finish floor, drywall, toilet, mirror, sink

bedroom with dark wood-style floors, a textured ceiling, and radiator Features: baseboards wall, wood finish floor, natural light, textured ceiling, vent, drywall, radiator

bedroom featuring radiator, dark wood-style floors, a textured ceiling, and ensuite bath Features: drywall, natural light, wood finish floor, vent, radiator, baseboards wall, ensuite bathroom, textured ceiling

ensuite bathroom with vanity and light wood finished floors Features: mirror, natural light, sink, vanity, drywall, baseboards wall, ensuite bathroom, wood finish floor, vent

full bath featuring vanity, a marble finish shower, light wood-style floors, and recessed lighting Features: baseboards wall, toilet, natural light, full bathroom, sink, mirror, recessed lighting, vanity, drywall, shower, wood finish floor

bedroom featuring radiator, wood finished floors, and a textured ceiling Features: radiator, natural light, textured ceiling, baseboards wall, wood finish floor, drywall

full bath featuring a marble finish shower, radiator, and vanity Features: full bathroom, wood finish floor, sink, natural light, radiator, shower, toilet, mirror, vanity, drywall

laundry area with radiator heating unit, dark wood-style floors, washing machine and clothes dryer, and a textured ceiling Features: textured ceiling, drywall, wood finish floor, baseboards wall, natural light, laundry, radiator, separate washer dryer

unfurnished sunroom featuring radiator heating unit Features: natural light, radiator

rear view of property featuring a storage shed, a chimney, brick siding, a yard, and a patio area Features: gutters, concrete foundation, shed, horizontal siding, outdoor structure, stairs, basement walk out, downspout, chimney, lawn, brick siding, patio

hallway with a textured ceiling and dark wood finished floors Features: baseboards wall, wood finish floor, drywall, textured ceiling

kitchen with stainless steel appliances, two tone cabinetry, light wood finished floors, decorative backsplash, and light stone countertops Features: sink, white cabinets, raised cabinets, stone countertops, wood finish floor, backsplash, drywall, dishwasher, range oven, range hood, gray cabinets

bar area featuring freestanding refrigerator, light wood-type flooring, recessed lighting, and white cabinetry Features: wood finish floor, white cabinets, natural light, raised cabinets, recessed lighting, stone countertops, drywall, refrigerator, baseboards wall

two tone kitchen featuring stainless steel appliances, dual tone cabinets, dark wood finished floors, decorative backsplash, and light stone countertops Features: sink, backsplash, white cabinets, dishwasher, range hood, wood finish floor, natural light, range oven, recessed lighting, stone countertops, raised cabinets, gray cabinets

kitchen featuring stainless steel range with electric cooktop, light stone countertops, white cabinets, backsplash, and dark wood-style floors Features: range oven, baseboards wall, white cabinets, textured ceiling, wood finish floor, drywall, vent, raised cabinets, recessed lighting, range hood, backsplash, sink, stone countertops

bedroom featuring a textured ceiling and dark wood-style flooring Features: wood finish floor, drywall, textured ceiling, baseboards wall, natural light

bedroom with dark wood-style flooring, a textured ceiling, and a closet Features: drywall, baseboards wall, textured ceiling, vent, closet, natural light, wood finish floor

interior space featuring recessed lighting, a textured ceiling, and light wood-style flooring Features: recessed lighting, wood finish floor, textured ceiling, baseboards wall, drywall

foyer entrance with baseboards and washer / clothes dryer Features: textured ceiling, drywall, washer dryer, vaulted ceiling, wood finish floor, laundry, natural light, baseboards wall

bathroom with vanity and a marble finish shower Features: drywall, sink, full bathroom, toilet, wood finish floor, shower, recessed lighting, vanity

doorway to outside with wood finished floors and baseboards Features: vaulted ceiling, wood finish floor, natural light, baseboards wall, vent, textured ceiling, drywall

bedroom with a textured ceiling and dark wood-type flooring Features: drywall, natural light, textured ceiling, baseboards wall, wood finish floor

bathroom with a marble finish shower and vanity Features: mirror, drywall, wood finish floor, vanity, shower, toilet, sink, full bathroom

living area with dark wood-style floors, recessed lighting, and a textured ceiling Features: wood finish floor, recessed lighting, natural light, drywall, textured ceiling, baseboards wall

living room featuring wood finished floors, a brick fireplace, and recessed lighting Features: wood finish floor, natural light, recessed lighting, drywall, fireplace

living area featuring wood finished floors and recessed lighting Features: wood finish floor, textured ceiling, drywall, vent, baseboards wall, recessed lighting

view of patio featuring a storage shed and a wooden deck Features: patio, deck, shed, outdoor structure, lawn

view of grassy yard with a storage unit Features: outdoor structure, residential view, lawn, fence, shed

balcony featuring a residential view Features: balcony, residential view

kitchen with white cabinetry, stainless steel appliances, light countertops, and healthy amount of natural light Features: sink, shaker cabinets, low ceiling, range hood, wood finish floor, refrigerator, dishwasher, white cabinets, range oven, natural light, basement, countertops, drywall, baseboards wall

kitchen with white cabinetry, range with electric stovetop, light countertops, and light wood finished floors Features: baseboards wall, countertops, natural light, drywall, range hood, recessed lighting, wood finish floor, shaker cabinets, white cabinets, range oven, opens to living area, low ceiling

kitchen featuring black electric range, white cabinetry, light wood-style floors, and freestanding refrigerator Features: baseboards wall, dishwasher, range oven, wood finish floor, shaker cabinets, low ceiling, white cabinets, drywall, sink, range hood, stone countertops, refrigerator

spare room featuring a baseboard radiator and light wood-type flooring Features: wood finish floor, smoke carbon monoxide detector, basement, recessed lighting, baseboards wall, drywall, baseboard radiator, natural light, low ceiling

full bathroom featuring vanity, light wood-style flooring, and a tile shower Features: drywall, toilet, shower, vent, vanity, sink, wood finish floor, full bathroom, baseboards wall

laundry area with independent washer and dryer and light wood-style floors Features: washer hookup, laundry, basement, wood finish floor, natural light, drywall, separate washer dryer, baseboards wall, vent

finished below grade area with light wood-type flooring and recessed lighting Features: baseboards wall, basement, drywall, wood finish floor, recessed lighting

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For Sale - 54 Park Street, Kitchener, Ontario

54 Park Street

Kitchener , Ontario

7 6 $1,150,000

Est payment $5,522/mo

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Time on Jump 62 day

AI Summary *

Fully occupied triplex offering strong income and investment potential.
Located near Victoria Park and Downtown Kitchener amenities.
Heritage home with unique character and modern updates throughout.
Three well-appointed units ensuring stable rental income from day one.
Great opportunity for investors seeking a standout property.

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Purchase Price

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Down Payment:
$ 57,500 ( 5% )

First Time Buyer:
Yes No

New Build:
Yes No

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.

Listing IDX12894010

Address54 Park Street

CityKitchener, Ontario

Price$1,150,000

Bed / Bath7 / 6 Full

Style2 1/2 Storey, Triplex

ConstructionBrick Front, Brick

Land Size5166.67

TypeMulti-Family

StatusFor Sale

Extras

Subtype TriplexIndoor Features Carpet Free, Primary Bedroom - Main Floor, Separate Hydro Meter, Separate Heating Controls, Storage, Water Heater, Water SoftenerAmenities Park, Public Transit, Hospital, Library, Rec./Commun.Centre, GolfOwnership FreeholdBasement ApartmentFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

Market Info

Parking 3.00

Listing Agency:
Trilliumwest Real Estate Brokerage

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Listing Agency:
Trilliumwest Real Estate Brokerage

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Hospital

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For Sale - 54 Park Street, Kitchener, Ontario

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Extras

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