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$1,350,000
Est. payment /mo
2,680 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed,Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,680 sqft
Price per Sqft $503
MLS Listing ID 40754822
Abv Grd Liv Area 2,680
Annual Tax Amount $14,808
Property Sub-Type Mixed,Commercial
Source Cornerstone
Property Description
LOCATION LOCATION LOCATION !!! Prime SGA-2 Zoned Property on Main Street – Redevelopment Opportunity.
An unmatched opportunity for investors and developers in Kitchener's high-growth Strategic Growth Area (SGA-2).
This mixed-use commercial building sits on a high-exposure lot with generous zoning that allows for mid-rise development up to 8 storeys or a cluster of townhouses. Ideal for redevelopment or full renovation. Strategic Growth Area A designation in Official Plan. Existing bar/lounge with lease potential. It has 2-bedroom apartment above – needs updates but adds rental income potential. Excellent main street visibility & ample parking
With over $400,000 previously invested, the property is functional but offers significant upside for a buyer with vision. Whether you're looking to redevelop, reposition, or land bank in a thriving urban corridor—this is your chance.
An unmatched opportunity for investors and developers in Kitchener's high-growth Strategic Growth Area (SGA-2).
This mixed-use commercial building sits on a high-exposure lot with generous zoning that allows for mid-rise development up to 8 storeys or a cluster of townhouses. Ideal for redevelopment or full renovation. Strategic Growth Area A designation in Official Plan. Existing bar/lounge with lease potential. It has 2-bedroom apartment above – needs updates but adds rental income potential. Excellent main street visibility & ample parking
With over $400,000 previously invested, the property is functional but offers significant upside for a buyer with vision. Whether you're looking to redevelop, reposition, or land bank in a thriving urban corridor—this is your chance.
Location
Province ON
County Waterloo
Area 2 - Kitchener East
Zoning MU-2
Direction King St E & Stirling St S
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 43.1
Lot Depth 140.0
Garage No
Building
Lot Description Business Centre, City Lot, High Traffic Area, Highway Access, Public Transit, Visual Exposure
Faces King St E & Stirling St S
Story 2
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
New Construction No
Others
Senior Community false
Tax ID 225090010
Ownership Freehold/None
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Listed by CENTURY 21 RIGHT TIME REAL ESTATE INC.