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Home ON Kitchener - Cambridge - Waterloo Waterloo Region Waterloo Conestoga
617 KING Street N
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617 KING Street N $5,999,990
$5,999,990
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617 KING Street N
Waterloo, Ontario N2V2N3

MLS® Number: 40782029

Listing Description

VTB possible. Beautiful Banquet Hall approx. 15,500 sf building sitting on Approx. 1.50 acres with 4 halls (no kitchen/restaurant, but space available to add). Banquet Hall fully renovated last year. 75+ parking spaces. Banquet hall rooms renting on daily base and upcoming bookings already reserved. Site an also be looked at as a redevelopment as it’s located in one of the most vibrant nodes of the region. Prime location with very large frontage on the main road and 3 entrances from main road. Large residential unit on second floor with separate entrance (can easily become 3 res units), 5 rooms, 2.5 bathrooms and kitchen with large dinning/lounge area. 1KM from highway 85. Located 500m down the street form Conestoga Mall and surrounded by all major retailers, hotels and big-box stores. VTB available up to 70% with flexible open terms. C5-81 Zoning allows most all retail uses if the current use is not of use to you. Current owner is retiring. MANY USES ARE POSSIBLE HERE. EVERYTHING FROM HOTEL TO COMMERCIAL SCHOOL AND FUNERAL HOME (AND MANY IN-BETWEEN) (69812357)

Location Description

CONESTOGA PARKWAY

Property Summary

Property Type
Retail
Storeys
1
Subdivision Name
118 - Colonial Acres/East Bridge
Title
Freehold
Land Size
1/2 - 1.99 acres
Annual Property Taxes
$79,000
Time on REALTOR.ca
52 days

Building

Interior Features
Basement Type
None
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Airport, Hospital, Public Transit

Measurements

Square Footage
16000 sqft
Exterior Building Size
16000 sqft

Land

Lot Features
Frontage
224 ft
Land Depth
296 ft
Other Property Information
Zoning Description
C5-81
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TONY JOHAL