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Home ON Kitchener - Cambridge - Waterloo Kitchener City Commercial Core
137 KING STREET E
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137 KING STREET E $3,700,000
$3,700,000
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137 KING STREET E
Kitchener, Ontario N2G2K8

MLS® Number: X12013845
0
Bathrooms
5000 - 100000
Square Feet

Listing Description

With its historic charm, strategic location, and advanced state of development, the 137 King Street property is a rare find for investors looking to make a significant impact in Kitchener-Waterloo. Breathe new life into a piece of history while capitalizing on a unique development project. This property offers an exceptional chance to complete a vision thats already underway, minimizing upfront challenges. Much of the initial work has been completed, allowing the next owner to focus on finishing touches and interior customization. The building features 12 loft-style apartments on the 2nd and 3rd floors, showcasing high ceilings and spacious layouts across 10,471 sq ft. These units are framed and nearly ready for drywall, with plumbing rough-ins also close to completion, significantly reducing the time and cost needed to bring them to market. On the main level, the property includes three commercial units totalling 5,285 sq ft. These spaces provide versatile leasing opportunities, making the building ideal for a mixed-use development that attracts both residential tenants and commercial occupants. The combination of loft apartments and commercial units enhances the potential for strong rental income streams. Adding to its appeal, the building has 18 dedicated parking spaces, with the possibility of securing additional spots nearby. This flexibility enhances the property's usability, catering to both residents and commercial tenants. (40025630)

Location Description

King St and Benton St

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
3
Square Footage
5000 - 100000 sqft
Land Size
74.8 x 105.2 FT
Annual Property Taxes
$20,972.31
Parking Type
No Garage
Time on REALTOR.ca
20 days

Building

Bathrooms
Total
0
Interior Features
Basement Type
N/A (Unfinished)
Building Features
Features
Irregular lot size
Foundation Type
Stone, Concrete
Heating & Cooling
Heating Type
Other (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Concrete Block
Parking
Parking Type
No Garage
Total Parking Spaces
18

Measurements

Square Footage
5000 - 100000 sqft

Land

Lot Features
Frontage
74 ft ,9 in
Land Depth
105 ft ,2 in
Other Property Information
Zoning Description
D1
Data provided by: OnePoint Association of REALTORS® Suite 324 - 3-301 Stone Road West, Guelph, Ontario N1G 4W4

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