2,680 ft2
$1,350,000
LOCATION LOCATION LOCATION !!! Prime SGA-2 Zoned Property on Main Street – Redevelopment Opportunity. An unmatched opportunity for investors and developers in Kitchener’s high-growth Strategic Growth Area (SGA-2). This mixed-use commercial building sits on a high-exposure lot with generous zoning that allows for mid-rise development up to 8 storeys or a cluster of townhouses. Ideal for redevelopment or full renovation. Strategic Growth Area A designation in Official Plan. Existing bar/lounge with lease potential. It has 2-bedroom apartment above – needs updates but adds rental income potential. Excellent main street visibility & ample parking With over $400,000 previously invested, the property is functional but offers significant upside for a buyer with vision. Whether you're looking to redevelop, reposition, or land bank in a thriving urban corridor—this is your chance. (id:47351)
Property Details
MLS® Number
|
40754822 |
Property Type
|
Other |
Amenities Near By
|
Public Transit |
Community Features
|
High Traffic Area |
Equipment Type
|
Water Heater |
Features
|
Southern Exposure, Visual Exposure |
Rental Equipment Type
|
Water Heater |
Building
Basement Type
|
Full |
Fire Protection
|
Alarm System |
Stories Total
|
2 |
Size Exterior
|
2680.0000 |
Size Interior
|
2,680 Ft2 |
Utility Water
|
Municipal Water |
Land
Access Type
|
Highway Access |
Acreage
|
No |
Land Amenities
|
Public Transit |
Sewer
|
Municipal Sewage System |
Size Depth
|
140 Ft |
Size Frontage
|
43 Ft |
Size Total Text
|
Under 1/2 Acre |
Zoning Description
|
Mu-2 |
https://www.realtor.ca/real-estate/28658293/612-king-street-e-kitchener