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. Existing Infrastructure & Holding Income: 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. The Investment Strategy: With significant capital improvements already completed, this property is perfectly positioned for land banking, complete redevelopment to maximize density, or repositioning the commercial space to secure strong, long-term holding yields. Property is being sold in "As-Is, Where-Is" condition. Do not miss this rare opportunity to secure a key footprint in Kitchener's primary growth node. (id:13843)
Details
| MLS # | X13776224 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 44 |
| Listing Provided By | RE/MAX SKYWAY REALTY INC. | AMANPREET SINGH DHILLON |
Features
| SQ Feet | 2,500 |
|---|---|
| Zoning | Commercial |
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 14808 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Kitchener |
| Postal Code | N2G2M1 |
| Listing VS Median (in N2G2M1) | |
Price: $939,900 low | high Med: $939,900 sqft: 2,500 low | high Med: 2,500 $ / sqft: $376 low | high Med: $376 On site: 44 low | high Med: 44 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Kitchener |
| Postal Code | N2G2M1 |
| Listing VS Median (in N2G2M1) | |
Price: $939,900 low | high Med: $939,900 sqft: 2,500 low | high Med: 2,500 $ / sqft: $376 low | high Med: $376 On site: 44 low | high Med: 44 | |
