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Unit A
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Unit A Sunroom/ dining room
Unit A Sunroom/ dining room
Unit A main floor 2 pc bath
Unit A Primary Bedroom
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Unit A Bedroom 2
Unit A Main Bath Upper
Unit A Laundry
Unit A Bedroom 3 or office
Unit A balcony
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Unit C Kitchen Living area
Uni C
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Unit C Bedroom
Unit C Bathroom
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Unit C Bedroom

54 Park Street

Kitchener, ON N2G 1M3

Off-Market
7 Beds
6 Baths
2,500 Sq Ft
5,167 Lot Sq Ft
Multi-Family
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About This Property

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 Details

StatusOff-Market
Property TypeMulti-Family
Listing TypeSale
Interior Size2,500 sq ft
Lot Size5,167 sq ft
Bedrooms7
Bathrooms6
Postal CodeN2G 1M3
Last UpdatedOct 7, 2026 · 5:42 p.m.

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Features & Amenities

  • View
  • Fireplace
  • Air Conditioning
  • Basement

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TRREB MLS® Attribution

MLS® X12894010

Listed by Trilliumwest Real Estate Brokerage

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$1,150,000

last list price — no longer for sale

MLS®X12894010
TypeMulti-Family
CityKitchener
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Team Filipe · RE/MAX · (647) 210-6070

Listed By

Trilliumwest Real Estate Brokerage