85 KING Street W, Kitchener, Ontario, N2G1A7
MLS: 40822727 | Other
$1,049,800
Property Description
An outstanding opportunity to own a mixed-use building in downtown Kitchener, offering both immediate income and future potential. The property features a thriving main-floor restaurant along with two residential units above, creating a desirable blend of commercial and residential use. The main level includes a fully functional take-out restaurant with kitchen, two washrooms, and access to a spacious basement with storage and a walk-in cooler. The upper floors offer two self-contained apartments: one one-bedroom unit and one one-bedroom plus den with a cap rate of 6% based on asking price. Ideally located on King Street West, within walking distance to Google, the ION LRT, transit hub, City Hall, and everyday amenities, this property is well-positioned for investors seeking stable returns in a growing urban core. (id:64974)
Quick Facts
- Property Type: Other
- Bedrooms: None
- Bathrooms: None
- Living Area: 2,400 sq ft (223.0 m²)
- Ownership: Freehold
- Frontage: 20 ft (6.1 m)
Listing Provided by: RED AND WHITE REALTY INC.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Basement: Full
Exterior & Construction
- Exterior: Brick
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Frontage: 20 ft (6.1 m)
- Zoning: SGA-2 (1)(2)
Community & Neighbourhood
- Community: High Traffic Area
- Subdivision: 212 - Downtown Kitchener/East Ward
Listing Information
Listing History
MLS listing activity for 85 KING Street W, Kitchener, Ontario, N2G1A7 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
🚗 Travel times
Neighborhood Walkability
Mortgage & Cost Calculators
Nearby Homes ?Nearby Homes — Search CriteriaSearch Radius1 kmPrice Range±30%Match BedroomsNoMatch BathroomsNo
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Similar Homes ?Similar Homes — Search CriteriaSearch Radius5 kmPrice Range±5%Match Home TypeYesMatch BedroomsYes
26 KING Street E, Kitchener
Other$1,050,000
$3,388/yr taxListing Courtesy of RE/MAX Twin City Realty Inc.
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
26 KING Street E, Kitchener
Other$1,050,000
$3,388/yr taxListing Courtesy of RE/MAX Twin City Realty Inc.
612 KING Street E, Kitchener
Other$999,000
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85 KING Street W, Kitchener, Ontario, N2G1A7