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Home ON Kitchener - Cambridge - Waterloo Waterloo Region Kitchener Vanier
2149-2161 KINGSWAY Drive
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2149-2161 KINGSWAY Drive $1,650,000
11 hours ago
$1,650,000
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2149-2161 KINGSWAY Drive
Kitchener, Ontario N2C1A1

MLS® Number: 40794181

Listing Description

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. (69987828)

Location Description

Corner of Kingsway Dr and Fourth Ave

Property Summary

Property Type
Retail
Storeys
1
Subdivision Name
327 - Fairview/Kingsdale
Title
Freehold
Land Size
under 1/2 acre
Built in
1914
Annual Property Taxes
$15,877.50
Total Parking Spaces
10
Time on REALTOR.ca
11 hours

Building

Interior Features
Basement Type
Full
Building Features
Features
Visual exposure, Paved driveway
Foundation Type
Block
Construction Material
Concrete block, Concrete Walls
Utilities
Utility Type
Electricity (Available), Natural Gas (Available), Telephone (Available)
Utility Sewer
Municipal sewage system
Water
Municipal water
Exterior Features
Exterior Finish
Aluminum siding, Concrete
Business
Sign Type
Signband
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Airport, Hospital, Public Transit, Schools
Parking
Total Parking Spaces
10

Measurements

Square Footage
3900 sqft
Exterior Building Size
3900 sqft

Land

Lot Features
Frontage
88 ft
Land Depth
96 ft
Other Property Information
Access
Road access, Highway access
Zoning Description
COM-2
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519-729-2020
519-954-7575
Janek Jagiellowicz