For Sale: 54 Park Street, Kitchener, ON - REW
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$1,150,000
6 bd • 6 ba • 2597 sf • Multifamily
54 Park Street
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$1,150,000
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54 Park StreetKitchener, ON, N2G 1M3

  • 6 Bed
  • 6 Bath
  • 2597 Sqft
  • Multifamily

About this home

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.
Listed by: Erin Knight, TrilliumWest Real Estate Brokerage

Home facts and features

Price details
List Price
$1,150,000
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Gross Taxes for 2026
$8,479
Home facts
Bedrooms
6
Full Bathrooms
6
Parking Spaces
3
Parking Details
Asphalt
Property Type
Multifamily
Lot Size
50 ft x 103 ft (5159 ft²)
Depth
103.17
Frontage
50.0
Heating Type
Baseboard,Forced Air,Radiant
Cooling
Central Air
Basement Details
Separate Entrance,Walk-Out Access,Full,Partially Finished
Features
Accessory Apartment, Balcony, In-suite
Agent details
Primary Agent
Primary Broker
TrilliumWest Real Estate Brokerage
Secondary Agent
Secondary Broker
TrilliumWest Real Estate Brokerage
Listing details
Days on REW
80 Days
Property Views
20
MLS® Number
40811587
Source
Information Technology Systems Ontario
Board
Cornerstone Association of REALTORS®
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25 Years
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3.99%

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Property Insights

St John Catholic Elementary School
  • Catholic
  • JK - 8
King Edward Public School
  • Public
  • JK - 6
J F Carmichael Public School
  • Public
  • JK - 6
Kitchener Waterloo Collegiate and Vocational School
  • Public
  • 9 - 12
St Don Bosco Catholic Secondary School
  • Catholic
  • 9 - 12
Courtland Avenue Public School
  • Public
  • 7 - 8
Westmount Public School
  • Public
  • JK - 6
Suddaby Public School
  • Public
  • JK - 6
Margaret Avenue Public School
  • Public
  • 7 - 8
Cameron Heights Collegiate Institute
  • Public
  • 9 - 12
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Erin Knight
Phone:
(226) 314-1600
Office:
226-314-1600
Curt Knight
Phone:
(226) 314-1600
Office:
226-314-1600
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