137 King Street E, Kitchener, Ontario N2G 2K8

Listed for:
$3,700,000
0 beds
0 baths
Listed 17 days ago
137 King Street E, Kitchener, Ontario N2G 2K8

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Learn more about this property
Listing provided by:
TrilliumWest Real Estate Brokerage
MLS® number:
40703949
Agent:
Keri Brownrigg
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About

King St and Benton St - access from King St E 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 that’s 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. (id:27476)

Property Highlights

MLS® Number
40703949
Type
Other
Ownership Type
Freehold
Land Size
under 1/2 acre

Building

Storeys
3.00
Square Footage
19582 sqft
Amenities
Public Transit
Exterior Finish
Brick
Fireplace Present
No
Basement Type
Full
Basement Features
Building Heating Type
Heating Fuel
Building Cooling Type

Utilities

Water
Municipal water
Utility Sewer
Municipal sewage system

Location