Sona Bhalla
Broker
HouseSigma Inc, Brokerage
Independently owned and operated.
15 Allstate Parkway #629, Markham, Ontario L3R5B4
Cell: 647-992-7653Office: 647-360-2330
$1,200,000
Available - For Sale
Listing ID: X13503226
745 King Street East , Kitchener, N2G 2M4, Waterloo
| 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. |
| Price | $1,200,000 |
| Taxes: | $22080.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 745 King Street East , Kitchener, N2G 2M4, Waterloo |
| Postal Code: | N2G 2M4 |
| Province/State: | Waterloo |
| Directions/Cross Streets: | KING ST E/STIRLING AVENUE |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Multi-Use |
| Building Percentage: | T |
| Total Area: | 4166.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway Public Transit |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Other |
| Central Air Conditioning: | Yes |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX TWIN CITY FAISAL SUSIWALA REALTY |
|
|
Sona Bhalla
Broker
Dir:
647-992-7653
Bus:
647-360-2330
| Book Showing | Email a Friend |
Jump To:
At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Waterloo |
| Municipality: | Kitchener |
| Neighbourhood: | Dufferin Grove |
| Tax: | $22,080 |
| Fireplace: | N |
Locatin Map:
Payment Calculator:
