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$4,700,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40853293
Annual Tax Amount $1
Property Sub-Type Commercial
Source Cornerstone
Property Description
0.51-acre development site located on King Street East at the edge of Downtown Kitchener. The property is improved with an approximately 10,000 SF commercial building and is situated within one of Kitchener's primary intensification corridors. The site offers excellent access to Downtown Kitchener, the Innovation District, restaurants, retail amenities, Grand River Transit, and the ION LRT. Surrounded by significant existing and proposed residential and mixed-use developments, the property presents a compelling redevelopment opportunity in a rapidly growing urban node. Existing development concepts contemplate an 80-unit mixed-use residential building, subject to municipal approvals. Recent capital improvements include a new roof and rooftop HVAC units, a completed Record of Site Condition (RSC), and substantial geothermal infrastructure designed to support future development.
Location
Province ON
County Waterloo
Area 3 - Kitchener West
Zoning MU-2
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available Other
Lot Frontage 239.74
Garage No
Building
Lot Description Urban, City Lot, Public Transit, Other
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community false
Tax ID 225100355
Ownership Freehold/None
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Listed by CBRE LIMITED
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Doug Folsetter
Sales Representative License ID: 4729737
Sales Representative License ID: 4729737