137 King Street E Active Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2G 2K8
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 19,582 sqft
Price per Sqft $188
MLS Listing ID 40703949
Abv Grd Liv Area 19,582
Originating Board Waterloo Region
Annual Tax Amount $20,972
Property Sub-Type Mixed,Building and Land
Property 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 that's 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.
Location
Province ON
County Waterloo
Area 2 - Kitchener East
Zoning D1
Direction King St and Benton St - access from King St E
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 75.53
Garage No
Building
Lot Description City Lot,Public Transit
Faces King St and Benton St - access from King St E
Story 3
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 225010054
Ownership Freehold/None
Virtual Tour https://youriguide.com/137_king_st_e_kitchener_on