612 King Street E,Kitchener, ON N2G2M1
Kitchener, ON N2G2M1
Description
Prime Development & Investment Opportunity | Strategic Growth Area (SGA-2) An unmatched, high-exposure investment and redevelopment opportunity awaits in one of Kitchener's fastest-growing transit corridors. Situated on a high-visibility main street within a designated Major Transit Station Area (MTSA), this mixed-use commercial property offers exceptional long-term upside, immediate holding income potential, and generous zoning allowances. Zoning & Redevelopment Highlights (SGA-2): Incredible Density: Zoned SGA-2 under the City of Kitchener Official Plan, allowing for high-density, mid-rise, mixed-use developments of up to 8 storeys. Transit-Oriented Node: Strategically positioned within an MTSA corridor, designed to support urban intensification and transit-supportive development. Versatile Permitted Uses: The flexible zoning permits a wide range of retail, commercial, residential, and professional services. Main Level: Features a functional commercial layout, previously operating as a Bar & Lounge, offering a turnkey footprint for hospitality, retail, or office use. Upper Level: A spacious, self-contained 2-bedroom residential apartment providing immediate rental income or owner-occupant flexibility. On-Site Amenities: Generous on-site parking with excellent street frontage, signage opportunities, and exceptional pedestrian/vehicular traffic counts. Property is being sold in As Is, Where-Is condition. Do not miss this rare opportunity to secure this. (id:13843)
Details
| MLS # | 40862749 |
|---|---|
| Listing Type | For Sale |
| Style | Residential Commercial Mix |
| Status | Active |
| Days On Site | 51 |
| Listing Provided By | Re/Max SKYWAY REALTY INC | Amanpreet Dhillon |
Features
| SQ Feet | 2,500 |
|---|---|
| Basement | Y |
| Story(s) | 1 |
| Zoning | SGA2 |
Interior
| Fireplace Yes / No | No |
|---|
Exterior
| Lot Features | Visual exposure |
|---|
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Well |
Taxes
| Tax Annual Amount | 14808 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Kitchener |
| Postal Code | N2G2M1 |
| Community Name | 212 Downtown Kitchener/East Ward |
| Listing VS Median (in 212 Downtown Kitchener/East Ward) | |
Price: $939,900 low | high Med: $3,000 sqft: 2,500 low | high Med: 2,007 $ / sqft: $376 low | high Med: $1 On site: 51 low | high Med: 323 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Kitchener |
| Postal Code | N2G2M1 |
| Community Name | 212 Downtown Kitchener/East Ward |
| Listing VS Median (in 212 Downtown Kitchener/East Ward) | |
Price: $939,900 low | high Med: $3,000 sqft: 2,500 low | high Med: 2,007 $ / sqft: $376 low | high Med: $1 On site: 51 low | high Med: 323 | |
