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$ 3,700,000
Est. payment | /mo
19,582 SqFt
$ 3,700,000
Est. payment | /mo
19,582 SqFt
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 19,582 sqft
Price per Sqft $188
Subdivision 212 - Downtown Kitchener/East Ward
MLS® Listing ID 40703949
Property Sub-Type Freehold
Source Cornerstone - Waterloo Region
Property Description
With its historic charm, strategic location, and advanced state of development, the 137 King Street property is a rare find for investors looking to make a significant impact in Kitchener-Waterloo. Breathe new life into a piece of history while capitalizing on a unique development project. This property offers an exceptional chance to complete a vision that's already underway, minimizing upfront challenges. Much of the initial work has been completed, allowing the next owner to focus on finishing touches and interior customization. The building features 12 loft-style apartments on the 2nd and 3rd floors, showcasing high ceilings and spacious layouts across 10,471 sq ft. These units are framed and nearly ready for drywall, with plumbing rough-ins also close to completion, significantly reducing the time and cost needed to bring them to market. On the main level, the property includes three commercial units totalling 5,285 sq ft. These spaces provide versatile leasing opportunities, making the building ideal for a mixed-use development that attracts both residential tenants and commercial occupants. The combination of loft apartments and commercial units enhances the potential for strong rental income streams. Adding to its appeal, the building has 18 dedicated parking spaces, with the possibility of securing additional spots nearby. This flexibility enhances the property's usability, catering to both residents and commercial tenants. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by TrilliumWest Real Estate Brokerage
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