20 days on Market

137 King St, Kitchener, Ontario N2G 2K8

Townhouse
-
-
~5000 + sqft
$3,700,000
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Townhouse
-
-
~5000 + sqft

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Highlights

Estimated ValueNot available

Price/Sqft$370/sqft

Est. Mortgage$15,890/mo

Tax Amount (2024)$20,972/yr

Days On Market20 days


Description

With its historic charm, strategic location, and advanced state of development, the 137 King Street property is a rare find for investors looking to make a significant impact in Kitchener-Waterloo. Breathe new life into a piece of history while capitalizing on a unique development project. This property offers an exceptional chance to complete a vision thats already underway, minimizing upfront challenges. Much of the initial work has been completed, allowing the next owner to focus on finishing touches and interior customization. The building features 12 loft-style apartments on the 2nd and 3rd floors, showcasing high ceilings and spacious layouts across 10,471 sq ft. These units are framed and nearly ready for drywall, with plumbing rough-ins also close to completion, significantly reducing the time and cost needed to bring them to market. On the main level, the property includes three commercial units totalling 5,285 sq ft. These spaces provide versatile leasing opportunities, making the building ideal for a mixed-use development that attracts both residential tenants and commercial occupants. The combination of loft apartments and commercial units enhances the potential for strong rental income streams. Adding to its appeal, the building has 18 dedicated parking spaces, with the possibility of securing additional spots nearby. This flexibility enhances the property's usability, catering to both residents and commercial tenants.


Property Details

Style3-Storey
View-
Age of property-
SqFt~5000 + SqFt
Lot Size7,871 SqFt(105.19 x 74.83)
Parking Spaces18
MLS ®NumberX12013845
Community NameCity Commercial Core
Data SourceTRREB
Listing byTrilliumwest Real Estate Brokerage Ltd

Features

Heating: Other
Basement: Unfinished

Features

Lot size: 7,871 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 18


Property listed by Trilliumwest Real Estate Brokerage Ltd, Brokerage

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Population and Demographics

Overview

Total population 3740
Average household income $102,858

Age (%)

20 to 34
32%
35 to 49
20%
65 and plus
18%
50 to 64
17%
0 to 19
13%

Household composition (%)

Single person
52%
Single family
41%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
83%
Others
3%
Arabic
3%
German
2%
Spanish
2%
Portuguese
1%
Mandarin
1%
French
1%

House tenancy (%)

Renters
72%
Owners
28%

Schools and amenities

Estimated Budget