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Home ON Kitchener - Cambridge - Waterloo Kitchener City Commercial Core
41 KING Street W
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41 KING Street W $1
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41 KING Street W
Kitchener, Ontario N2G1A1

MLS® Number: 40676991

Listing Description

Fully Leased, historic Income producing property located in the heart of Downtown Kitchener. Built in 1908, spanning 4 floors this multi Tenant property has been fully improved. All mechanical, electrical, fire rating, windows, roof and life safety systems have been modernized. The building is anchored by “Maxon”, a division of Nemetschek Group. A German based software vendor with a market capitalization of over $14B and yearly revenue over $1.1B. Maxon specializes in 3D modelling, animation and rendering software. They have invested heavily in the building with their Tenant improvements. The main floor retail Tenant Tamasha Resto Bar is a successful operation that exists in Toronto. They have a track record being professional operators and have created a unique experience combining Indian Fusion with entertainment. The NOI as of March 2025 is $241,441.00. Current Lease expiries are Dec 31, 2028 for the Anchor Tenant Maxon and Aug 31, 2029 for Tamasha Resto Bar. (68321986)

Location Description

King Street between Ontario St S and Queen St S

Property Summary

Property Type
Office
Storeys
4
Subdivision Name
313 - Downtown Kitchener/W. Ward
Title
Freehold
Land Size
0.092 ac|under 1/2 acre
Annual Property Taxes
$60,124.52
Time on REALTOR.ca
35 days

Building

Interior Features
Basement Type
Partial
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Public Transit, Schools

Measurements

Square Footage
12988 sqft
Exterior Building Size
12988 sqft

Land

Lot Features
Frontage
25 ft
Land Depth
159 ft
Other Property Information
Zoning Description
D1
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
MICHAEL LAMBERT