612 KING Street E, Kitchener, Ontario, N2G2M1
MLS: 40784619 | Other
$999,000
Property Description
MOTIVATED SELLER - Rare Opportunity in Kitchener’s SGA-2 Zone – Prime Redevelopment or Investment Property! Location, Location, Location! An unmatched opportunity awaits investors and developers in the heart of Kitchener’s high-growth Strategic Growth Area (SGA-2). This mixed-use commercial property sits on a high-exposure main street with generous zoning and exceptional redevelopment potential. Property Highlights: Over $400,000 in recent upgrades and improvements Operating Bar & Lounge with established clientele and income stream Updated 2-bedroom apartment above for added rental income Ample on-site parking and excellent street visibility Functional layout ideal for retail, hospitality, or professional use Zoned SGA-2 – allows for mixed-use, mid-rise development up to 8 storeys Strategic Growth Area A designation in the City of Kitchener Official Plan Located within a Major Transit Station Area (MTSA) – ideal for future urban intensification Zoning Benefits (SGA-2): Permits a wide range of commercial and residential uses Encourages mid-rise and mixed-use developments Supports transit-oriented growth in one of Kitchener’s most promising corridors Investment Potential: With significant capital improvements already completed and multiple income streams in place, this property offers strong holding income and excellent long-term upside. Whether you plan to redevelop, reposition, or land bank, this is a rare opportunity to secure a property in a prime growth node. Seller is motivated — bring a reasonable offer! Property being sold as is where is Don’t miss this rare opportunity to own a key property in one of Kitchener’s fastest-growing and most strategically located zones. Contact us today to learn more or arrange a private viewing. (id:64974)
Quick Facts
- Property Type: Other
- Bedrooms: None
- Bathrooms: None
- Living Area: 2,500 sq ft (232.3 m²)
- Ownership: Freehold
- Frontage: 43 ft (13.1 m)
Costs
- Annual Taxes: $14,808.00
Listing Provided by: KELLER WILLIAMS INNOVATION REALTY
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Basement: Full
- Security: Alarm system
Exterior & Construction
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Frontage: 43 ft (13.1 m)
- Features: Southern exposure, Visual exposure
- Zoning: SGA-2
Community & Neighbourhood
- Community: High Traffic Area
- Subdivision: 212 - Downtown Kitchener/East Ward
Listing Information
Listing History
MLS listing activity for 612 KING Street E, Kitchener, Ontario, N2G2M1 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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Neighborhood Walkability
Mortgage & Cost Calculators
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
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612 KING Street E, Kitchener, Ontario, N2G2M1