85 KING Street W
Kitchener – Ontario
$1,049,800
MLS® Number 40822727 | Listing provided by: RED AND WHITE REALTY INC. | Powered byREALTOR.ca
About this property
An outstanding opportunity to own a mixed-use building in downtown Kitchener, offering both immediate income and future potential. The property features a thriving main-floor restaurant along with two residential units above, creating a desirable blend of commercial and residential use. The main level includes a fully functional take-out restaurant with kitchen, two washrooms, and access to a spacious basement with storage and a walk-in cooler. The upper floors offer two self-contained apartments: one one-bedroom unit and one one-bedroom plus den with a cap rate of 6% based on asking price. Ideally located on King Street West, within walking distance to Google, the ION LRT, transit hub, City Hall, and everyday amenities, this property is well-positioned for investors seeking stable returns in a growing urban core. (id:66549)
Details
- Size
- 2,400 sq ft
- Property type
- Other
- Stories
- 3
- Neighbourhood
- 212 - Downtown Kitchener/East Ward
- Postal code
- N2G1A7
- MLS® Number
- 40822727
- Status
- For Sale
Features
- Basement
- Storage