Multiplex Property

137 King Street E , Kitchener

Details

Property ID
X12013845
Status
For Sale (On market for 127 days)
Property Type
Multiplex
Style
3-Storey
Area
5000 + SqFt
Lot Size
74.83 X 105.19 Ft.
Parking Spaces
18
Taxes
$20,972 (2024)
Basement
Unfinished
Air Conditioning
None
Heating Type
Other

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. ...

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Amenities

Location of the Property

137 King Street E, Kitchener, ON N2G 2K8

Community Sold Statistics

Ave Sold Price

Ave Days On Market

Based on last 90 days transactions for Multiplex Properties in the community.

RE/MAX REAL ESTATE CENTRE INC., BROKERAGE
(519) 623-6200

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List Date Transaction List Price Sold/Leased Price DOM Status Transaction Date
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More About 137 King Street E

137 King Street E is a Residential Property located in the city of Kitchener. 137 King Street E has been listed For Sale at $3,700,000 since Mar 12 2025. This Multiplex Multiplex has 0 bedrooms, 0 bathrooms and is 5000 + sqft. , with the nearest intersection being King St and Benton St.

Listing Brokerage: Trilliumwest Real Estate Brokerage Ltd

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