Location, Location, Location. This commercial property offers exceptional diversity for the astute developer or investor. Zoned as Comm-2 the property allows multi-residential dwelling units on the upper floors and commercial retail units on the main floor. This is just one of the development options. The property presently has 5 units all within the highly rentable 700-1000 sq. foot size. Three units have tenants (2 are month to month, 1 has two yrs remaining on their lease) and the other two units are vacant. The ROI can be substantially increased as the rents are presently below market rate. Located in South Kitchener this area is growing rapidly and the visibility and accessibility of this property is exceptional. Major thoroughfares, including Highway 8 and the 401 as well as the proximity of the LRT and transit ensure a seamless connectivity for business and costumers alike. This property is exactly what developers and investors are seeking, a strategic position with excellent development and ROI potential. Added bonus the adjacent property is also listed [MLS #40806046] , combine both properties and create something very unique at this location. (id:47421)
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Detailed Information
Lot
88 x 96 ft
Amenities Nearby
Airport, Hospital, Public Transit, Schools
Community Features
High Traffic Area
Features
Visual exposure, Paved driveway
Listing Contract Date
2025-12-18
Location Description
Corner of Kingsway Dr and Fourth Ave
Ownership Type
Freehold
# of Parking Spaces
10
Property Type
Retail
Signage
Signband
Transaction Type
For sale
Zoning Description
COM-2
Building
Basement Type
Full
Constructed Date
1914
Construction Material
Concrete block, Concrete Walls
Exterior Finish
Aluminum siding, Concrete
Foundation Type
Block
Stories Total
1
Size (Exterior)
3900
Utility Water
Municipal water
Utilities
Type
Description
Electricity
Available
Natural Gas
Available
Telephone
Available
Land
Total Size
under 1/2 acre
Access Type
Road access, Highway access
Amenities
Airport, Hospital, Public Transit, Schools
Sewer
Municipal sewage system
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