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$ 3,700,000
Est. payment /mo
New
137 King ST E Kitchener, ON N2G 2K8
UPDATED:
03/12/2025 04:49 PM
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 5000 +
MLS Listing ID X12013845
Style 3-Storey
Annual Tax Amount $20,972
Tax Year 2024
Property Sub-Type Multiplex
Property 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.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement Unfinished
Kitchen 0
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Other
Lot Frontage 74.83
Lot Depth 105.19
Total Parking Spaces 18
Building
Foundation Stone, Concrete
Others
Virtual Tour https://youriguide.com/137_king_st_e_kitchener_on
Listed by Trilliumwest Real Estate Brokerage Ltd