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$ 4,700,000
Est. payment | /mo
10,000 SqFt
$ 4,700,000
Est. payment | /mo
10,000 SqFt
Key Details
Property Type Commercial
Sub Type Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $470
MLS Listing ID 40852975
Abv Grd Liv Area 10,000
Annual Tax Amount $1
Property Sub-Type Building and Land
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
State ON
County Waterloo
Area 3 - Kitchener West
Zoning MU-2
Rooms
Basement None
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 239.74
Garage No
Building
Lot Description City Lot, Public Transit, Other
Story 2
Foundation Poured Concrete
Sewer Septic Tank
Water Municipal
Level or Stories 2
Structure Type Brick Veneer,Steel Siding
New Construction No
Others
Senior Community false
Tax ID 225100355
Ownership Freehold/None
Listed by CBRE LIMITED
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