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In-PersonVirtual Tour
$ 999,000
Est. payment | /mo
2,500 SqFt
$ 999,000
Est. payment | /mo
2,500 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500
Square Footage 2,500 sqft
Price per Sqft $399
Subdivision 212 - Downtown Kitchener/East Ward
MLS® Listing ID 40784619
Property Sub-Type Freehold
Property Description
MOTIVATED SELLER - Rare Opportunity in Kitchener's SGA-2 Zone – Prime Redevelopment or Investment Property! Location, Location, Location! An unmatched opportunity awaits investors and developers in the heart of Kitchener's high-growth Strategic Growth Area (SGA-2). This mixed-use commercial property sits on a high-exposure main street with generous zoning and exceptional redevelopment potential. Property Highlights: Over $400,000 in recent upgrades and improvements Operating Bar & Lounge with established clientele and income stream Updated 2-bedroom apartment above for added rental income Ample on-site parking and excellent street visibility Functional layout ideal for retail, hospitality, or professional use Zoned SGA-2 – allows for mixed-use, mid-rise development up to 8 storeys Strategic Growth Area A designation in the City of Kitchener Official Plan Located within a Major Transit Station Area (MTSA) – ideal for future urban intensification Zoning Benefits (SGA-2): Permits a wide range of commercial and residential uses Encourages mid-rise and mixed-use developments Supports transit-oriented growth in one of Kitchener's most promising corridors Investment Potential: With significant capital improvements already completed and multiple income streams in place, this property offers strong holding income and excellent long-term upside. Whether you plan to redevelop, reposition, or land bank, this is a rare opportunity to secure a property in a prime growth node. Seller is motivated — bring a reasonable offer! Property being sold as is where is Don't miss this rare opportunity to own a key property in one of Kitchener's fastest-growing and most strategically located zones. Contact us today to learn more or arrange a private viewing. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://unbranded.youriguide.com/dfd9n_612_king_st_e_kitchener_on/
Listed by KELLER WILLIAMS INNOVATION REALTY
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