41 King Street W new Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2G 1A1
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 12,988 sqft
Price per Sqft $0
MLS Listing ID 40676991
Abv Grd Liv Area 12,988
Originating Board Waterloo Region
Annual Tax Amount $60,124
Lot Size 4,007 Sqft
Acres 0.092
Property 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.
Location
Province ON
County Waterloo
Area 3 - Kitchener West
Zoning D1
Direction King Street between Ontario St S and Queen St S
Rooms
Basement Partial
Kitchen 0
Interior
Fireplace No
Exterior
Waterfront No
Lot Frontage 25.14
Lot Depth 159.12
Garage No
Building
Lot Description City Lot,High Traffic Area,Public Transit,Schools
Faces King Street between Ontario St S and Queen St S
Story 4
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 4
New Construction No
Others
Senior Community false
Tax ID 224270072
Ownership Freehold/None