2149 Kingsway Dr - Retail FOR SALE


Kitchener, ON N2C 1A1- Kitchener South-East
$1,650,000 CAD
519-729-2020
2149 Kingsway Dr, Kitchener, ON for Sale
$1,650,000 CAD
Retail - FOR SALE
1/5
null | Request Cap Rate

NEW


2149 Kingsway Dr
Kitchener, ON N2C 1A1
Kitchener South-East


HIGHLIGHTS

  • Commercial redevelopment allows for retail/apartment development
  • Highly in demand 1000sq ft units

OVERVIEW

Location, Location, Location. This commercial property offers exceptional diversity for the astute developer or investor. Zoned as Comm-2 the property allows multi-residential dwelling units on the upper floors and commercial retail units on the main floor. This is just one of the development options. The property presently has 5 units all within the highly rentable 700-1000 sq. foot size. Three units have tenants (2 are month to month, 1 has two yrs remaining on their lease) and the other two units are vacant. The ROI can be substantially increased as the rents are presently below market rate. Located in South Kitchener this area is growing rapidly and the visibility and accessibility of this property is exceptional. Major thoroughfares, including Highway 8 and the 401 as well as the proximity of the LRT and transit ensure a seamless connectivity for business and costumers alike. This property is exactly what developers and investors are seeking, a strategic position with excellent development and ROI potential.

FOR SALE DETAILS

PRICE

$1,650,000 CAD

PRICE/SF

$423 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Janek JagiellowiczJagiellowicz Zeme Services Inc.More Info
519-729-2020

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Janek JagiellowiczJagiellowicz Zeme Services Inc.More Info
519-729-2020

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.