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Listed by Anelia Bakalova • RED AND WHITE REALTY INC.
$1,049,800
Est. payment /mo
2,400 SqFt
Active
85 King Street W Kitchener, ON N2G 1A7
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Key Details
Property Type Commercial
Sub Type Building Only
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $437
MLS Listing ID 40822727
Abv Grd Liv Area 2,400
Property Sub-Type Building Only
Source Cornerstone
Property Description
An outstanding opportunity to own a mixed-use building in downtown Kitchener, offering both immediate income and future potential. The property features a thriving main-floor restaurant along with two residential units above, creating a desirable blend of commercial and residential use. The main level includes a fully functional take-out restaurant with kitchen, two washrooms, and access to a spacious basement with storage and a walk-in cooler. The upper floors offer two self-contained apartments: one one-bedroom unit and one one-bedroom plus den with a cap rate of 6% based on asking price. Ideally located on King Street West, within walking distance to Google, the ION LRT, transit hub, City Hall, and everyday amenities, this property is well-positioned for investors seeking stable returns in a growing urban core.
Location
Province ON
County Waterloo
Area 2 - Kitchener East
Zoning SGA-2 (1)(2)
Direction King St. W to Ontario St.
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 20.0
Garage No
Building
Lot Description City Lot, High Traffic Area, Hospital, Public Transit
Faces King St. W to Ontario St.
Story 3
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 224270054
Ownership Freehold/None
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