745 King Street E, Kitchener, ON N2G 2M4
745 King Street E, Kitchener, ON N2G 2M4
745 King Street E, Kitchener, ON N2G 2M4
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Listed by Faisal Susiwala • RE/MAX TWIN CITY FAISAL SUSIWALA REALTY
$1,200,000
Est. payment /mo
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4,166 SqFt
Active Under Contract

745 King Street E Kitchener, ON N2G 2M4

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Mico Radulovic

Mico Radulovic

+1(519) 722-3434

UPDATED:

Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 4,166 sqft

Price per Sqft $288

MLS Listing ID 40841583

Abv Grd Liv Area 4,166

Annual Tax Amount $22,080

Property Sub-Type Building and Land

Source Cornerstone

Property Description

PRIME MIXED USE INVESTMENT OPPORTUNITY ON KING ST E. Enjoy unparalleled high exposure and high traffic visibility at this prime mixed-use corner property situated at the intersection of King Street East and Stirling Avenue. This robust investment property generates over $101,000 in gross annual revenue and offers a rare combination of strong cash flow today and exceptional future redevelopment potential. The main floor commercial space, anchored by a long-term tenant, encompasses approximately 2,166 sq. ft. and extends into a fully functional lower level with a convenient walkout to a second parking area. The commercial space was extensively renovated in 2019 and benefits from exceptional exposure along one of Kitchener's busiest corridors. For owner operators and investors alike, the commercial unit is available for vacant possession, creating a unique opportunity for end users seeking a highly visible location. Further enhancing the property's appeal are 2 separate parking lots, one accessed from King Street and the other from Stirling Avenue, providing ample parking for customers, staff, and residents. The commercial tenant currently pays utilities and property insurance, helping to keep landlord's operating costs remarkably low. The upper levels feature three residential apartments consisting of two 1-bedroom units and one 2-bedroom unit, providing stable income with significant upside potential upon future tenant turnover. Ideally located within walking distance to the ION LRT and positioned within Kitchener's growing downtown development corridor, this property offers investors the rare opportunity to secure both immediate cash flow and long-term land development potential. Opportunities that combine strong income, future redevelopment possibilities, and vacant possession of commercial space are seldom available in today's market. Incredible Investment Opportunity.

Location

Province ON

County Waterloo

Area 3 - Kitchener West

Zoning C5

Direction KING ST E/STIRLING AVENUE

Rooms

Basement Partial

Kitchen 0

Interior

Fireplace No

Exterior

Parking On Site 12

Lot Frontage 80.0

Garage No

Building

Lot Description City Lot, High Traffic Area, Public Transit

Faces KING ST E/STIRLING AVENUE

Story 2

Sewer Sewer (Municipal)

Water Municipal

Structure Type Brick,Metal/Steel Siding,Shingle Siding,Wood Siding

New Construction No

Others

Senior Community No

Tax ID 225090134

Ownership Freehold/None

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Mico Radulovic

Mico Radulovic

Real Estate Broker

+1(519) 722-3434

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