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$ 1,100,000
Est. payment | /mo
1,623 SqFt
$ 1,100,000
Est. payment | /mo
1,623 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1623
Square Footage 1,623 sqft
Price per Sqft $677
Subdivision 311 - Downtown/Rockway/S. Ward
MLS® Listing ID 40852371
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Freehold
Property Description
MODERN COMMERCIAL SPACE WITH DUAL INCOME STREAMS! Positioned along the rapidly evolving King Street East corridor, just minutes from Downtown Kitchener, this beautifully restored commercial property presents a rare opportunity to own a move-in-ready investment in one of the city's most active growth areas. Extensively renovated throughout, the building blends timeless character with contemporary design, showcasing exposed brick, rich hardwood flooring, and an open-concept layout designed to inspire collaboration and productivity. The main floor is currently configured as a stylish professional office, complete with a private boardroom, making it ideal for a wide range of business uses. Upstairs, a fully tenanted two-bedroom residential apartment provides reliable income, currently rented for $1,550 per month inclusive of utilities. An additional revenue stream comes from the prominent exterior billboard, leased to Pattison Signs, generating approximately $4,800 annually. Designed with flexibility in mind, the property features separate mechanical systems, including two furnaces, two air conditioners, and two hot water heaters, allowing for efficient operation of both the commercial and residential spaces. A full basement offers exceptional storage, while the newly paved parking area provides five on-site parking spaces, complemented by two municipal parking spaces directly in front of the building. With dual driveway access, including a private entrance and shared access from King Street—ingress and egress are both convenient and practical. Offering exceptional visibility, multiple income sources, and a polished, turnkey interior, this is a standout opportunity for investors, entrepreneurs, or owner-occupiers. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Attached Garage No
Garage No
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://youriguide.com/24ugd_1020_king_st_e_kitchener_on/
Listed by RE/MAX TWIN CITY FAISAL SUSIWALA REALTY
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