2149-2161 KINGSWAY Drive, Kitchener, Ontario, N2C1A1

Property Description

Location, Location, Location. This commercial property offers exceptional diversity for the astute developer or investor. Zoned as Comm-2 the property allows multi-residential dwelling units on the upper floors and commercial retail units on the main floor. This is just one of the development options. The property presently has 5 units all within the highly rentable 700-1000 sq. foot size. Three units have tenants (2 are month to month, 1 has two yrs remaining on their lease) and the other two units are vacant. The ROI can be substantially increased as the rents are presently below market rate. Located in South Kitchener this area is growing rapidly and the visibility and accessibility of this property is exceptional. Major thoroughfares, including Highway 8 and the 401 as well as the proximity of the LRT and transit ensure a seamless connectivity for business and costumers alike. This property is exactly what developers and investors are seeking, a strategic position with excellent development and ROI potential. Added bonus the adjacent property is also listed [MLS #40806046] , combine both properties and create something very unique at this location. (id:64974)

Quick Facts

• Property Type: Retail
• Bedrooms: None
• Bathrooms: None
• Living Area: 3,900 sq ft (362.3 m²)
• Year Built: 1914
• Ownership: Freehold
• Parking: 10 spaces
• Frontage: 88 ft (26.8 m)

Costs

• Annual Taxes: $15,877.50

Listing Provided by: MCINTYRE REAL ESTATE SERVICES INC.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.