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.
Property Type:
Commercial Sale
Property SubType:
Mixed, Building and Land
Listing General Location:
212 - Downtown Kitchener/East Ward, 2 - Kitchener East
Bedrooms:
0
Bathrooms:
-
(Full:-/Half:-)
Lot Frontage:
75'6"23 m
Kitchens:
0
County Or Parish:
Waterloo
Features:
Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Construction:
Brick
Basement:
Full
Foundation:
Poured Concrete
Number of Storeys:
3
Total Floor Area:
19,582 sq. ft.1,819 m2
Fireplace:
false
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
false
No
King St and Benton St - access from King St E
No
Features:
Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Zoning:
D1
Lot Site Features:
City Lot, Public Transit
Features:
Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No