745 King Street E,Kitchener, ON N2G2M4
Kitchener, ON N2G2M4
Description
PRIME MIXED USE INVESTMENT OPPORTUNITY ON KING ST E. Enjoy unparalleled high exposure and high traffic visibility at this prime mixed-use corner property situated at the intersection of King Street East and Stirling Avenue. This robust investment property generates over $101,000 in gross annual revenue and offers a rare combination of strong cash flow today and exceptional future redevelopment potential. The main floor commercial space, anchored by a long-term tenant, encompasses approximately 2,166 sq. ft. and extends into a fully functional lower level with a convenient walkout to a second parking area. The commercial space was extensively renovated in 2019 and benefits from exceptional exposure along one of Kitchener's busiest corridors. For owner operators and investors alike, the commercial unit is available for vacant possession, creating a unique opportunity for end users seeking a highly visible location. Further enhancing the property's appeal are 2 separate parking lots, one accessed from King Street and the other from Stirling Avenue, providing ample parking for customers, staff, and residents. The commercial tenant currently pays utilities and property insurance, helping to keep landlord's operating costs remarkably low. The upper levels feature three residential apartments consisting of two 1-bedroom units and one 2-bedroom unit, providing stable income with significant upside potential upon future tenant turnover. Ideally located within walking distance to the ION LRT and positioned within Kitchener's growing downtown development corridor, this property offers investors the rare opportunity to secure both immediate cash flow and long-term land development potential. Opportunities that combine strong income, future redevelopment possibilities, and vacant possession of commercial space are seldom available in today's market. Incredible Investment Opportunity. (id:13843)
Details
| MLS # | 40841583 |
|---|---|
| Listing Type | For Sale |
| Style | Residential Commercial Mix |
| Status | Active |
| Days On Site | 124 |
| Listing Provided By | RE/MAX TWIN CITY FAISAL SUSIWALA REALTY | Faisal Susiwala |
Features
| SQ Feet | 4,166 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Zoning | C5 |
Interior
| Fireplace Yes / No | No |
|---|
Exterior
| Construction Materials | Wood frame |
|---|
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 22080.04 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Kitchener |
| Postal Code | N2G2M4 |
| Community Name | 311 Downtown/Rockway/S. Ward |
| Listing VS Median (in 311 Downtown/Rockway/S. Ward) | |
Price: $1,200,000 low | high Med: $249,900 sqft: 4,166 low | high Med: 618 $ / sqft: $288 low | high Med: $404 On site: 124 low | high Med: 4 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| City | Kitchener |
| Postal Code | N2G2M4 |
| Community Name | 311 Downtown/Rockway/S. Ward |
| Listing VS Median (in 311 Downtown/Rockway/S. Ward) | |
Price: $1,200,000 low | high Med: $249,900 sqft: 4,166 low | high Med: 618 $ / sqft: $288 low | high Med: $404 On site: 124 low | high Med: 4 | |