$2,200,000

195, 197, 199 King Street E

Kitchener ON, N2G 2K8

Description

A fantastic opportunity waits for investors and developers a prime DTK location, King Street commercial frontage, and right around the corner from the LRT line. 195 King Street East is a mixed use (commercial and multi-residential) property of 0.15 acres in total area, which includes over 40 feet of frontage on Downtown Kitchener's primary King Street artery. The current use includes two commercial units on the ground level, in addition to four residential units on the upper floors. Waterloo Regions King Street corridor has experienced an explosion in demand for private residential dwellings over the past several years. New businesses and residential projects have populated the length of the LRT system, and demand continues to grow. Current zoning would permit the development of a medium scale residential or mixed-use project, with the potential for more as the city eases parking restrictions.

Details

MLS#30824290
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site91

Features

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Area Information
ProvinceON
CountyWaterloo
CityKitchener
Postal CodeN2G 2K8
Area3 - Kitchener West
Listing VS Median (in N2G 2K8)
Price:
$2,200,000
low | high
Med:
$2,200,000
50% of Average
On Site:
91
low | high
Med:
91
100% of Average
Listing Updated: 10/21/2020
NOVAK NIKOLIC LogoMLS Number: 30824290
Listing Provided By:
NOVAK NIKOLIC  of  Chestnut Park Realty Southwestern Ontario Ltd. Br
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