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Home ON Kitchener - Cambridge - Waterloo Waterloo Region Kitchener Vanier
2922 KINGSWAY Drive
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2922 KINGSWAY Drive $18,495,000
11 hours ago
$18,495,000
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2922 KINGSWAY Drive
Kitchener, Ontario N2C1X1

MLS® Number: 40794576

Listing Description

Opportunity to acquire the 11.248 acres, underneath Walmart at Kitchener's premier retail centre - Fairview Park Mall, leased long-term with approximately 75 years, inclusive of renewal options, remaining and expiring in 2100. The land is leased under a triple-net ground lease, subleased to Walmart, providing secure, predictable income with minimal management obligation and rent escalations through 2050, followed by market resets. Located within a Protected Major Transit Station Area, the site offers exceptional long-term redevelopment potential while delivering stable bond-like income today, backed by real estate. Ideal for investors seeking capital preservation, high-quality covenant income, and long-horizon land value in a prime corridor. (69990443)

Location Description

South on Fairway Road North, West on Wilson Avenue, and North on Kingsway Drive.

Property Summary

Property Type
Vacant Land
Subdivision Name
327 - Fairview/Kingsdale
Title
Freehold
Land Size
11.22 ac|10 - 24.99 acres
Annual Property Taxes
$423,612.68
Time on REALTOR.ca
11 hours

Building

Interior Features
Basement Type
None
Utilities
Utility Type
Electricity (Available), Natural Gas (Available)
Utility Sewer
Municipal sewage system
Water
Municipal water
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Public Transit

Land

Lot Features
Frontage
832 ft
Other Property Information
Access
Highway access
Zoning Description
C1
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