$1,199,900

404 King Street E

Kitchener ON, N2G 2L5

Description

Excellent downtown Kitchener location across the street from the Kitchener Farmers' Market and close proximity to the LRT. Also known as 406 and 408 King Street E. Fantastic opportunity to start your own business located on King Street in Kitchener!!! Entrance facing King Street with a seven parking space at the back. Currently, running as a specialty retail store with a 3 bedroom apartment above with three separated hydrometers. Zoning allows (MU-2) for many uses such as retail, office, mixed-use, financial establishment, or office, craftsman shop, etc. With a total of $50,000 recent updates including Furnace (2016), Air conditioner (2016), New flooring on the 1st floor (2016), Water Heater owned (2016), Water Softener (2016). Washer (2016), Dryer (2016), Dishwasher (2016) and Microwave (2016). Currently, the 3 bedroom apartment and the main floor retail store is rented. The current tenant is on a three-year lease. The store tenant willing to stay after the lease expires. Either run your own retail business without the cost of leasing or lease out the retail space and also enjoy the extra income. Tons of options to turn this amazing core location into a consistent business income, with the possibility of tremendous appreciation down the road. Don't miss out -book your private showing today and start on the road to financial independence.

Details

MLS#30764458
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Days On Site52

Features

Story(s)0

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Area Information

ProvinceON
CountyWaterloo
CityKitchener
Postal CodeN2G 2L5
Area3 - Kitchener West
Listing VS Median (in N2G 2L5)
Price:
$1,199,900
low | high
Med:
$769,900
85.836319693308% of Average
On Site:
52
low | high
Med:
26.500000
100% of Average
Listing Updated: 05/29/2020
MLS Number: 30764458
Listing Provided By:
MHIRTEAB WONDMNEH  of  RED AND WHITE REALTY INC.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.