For Sale · Industrial

40 W LANCASTER Street W, Kitchener

40 W LANCASTER Street W, Kitchener, ON N2H4S9

$1.9M total

8,500 SF

Asset Class

Industrial

Size

8,500 SF

Building class

A

Zoning

IM — Medium Industrial

$ / SF

$223

Occupancy

84%

Clear height

28 ft

Loading docks

3

About this property

Perfectly-located M2 Zoning commercial property on highly visible Lancaster St W, one of Kitchener’s key arterial corridors connecting Downtown Kitchener, Bridgeport, and surrounding commercial districts. This multi-tenant commercial building has historically supported showroom, retail, service, and light industrial uses, offering excellent flexibility for a wide range of business operations. The property features strong street presence, excellent exposure, and consistent traffic flow, making it an ideal candidate for automotive-related uses, including car dealerships, specialty auto sales and could fit 60-70 veihicles total, or showroom-based businesses. The site configuration and frontage lend themselves well to vehicle display, customer parking, and easy ingress/egress, a rare combination along a corridor of this calibre. With two drive in doors and multiple man doors, the building offers adaptable interior layouts suitable for showroom space, offices, and back-of-house operations. The surrounding area is a well-established commercial node with ongoing reinvestment and redevelopment activity, enhancing long-term value and exposure. Ideal for owner-users, investors, or automotive operators seeking a prime location with high visibility, flexible usage potential, and proximity to major transportation routes. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.90M
Down payment30% · $570K
Interest rate6.25%
Amortization25 years
Occupancy84%
Expense growth2.5%

Monthly debt service

$9K

Projected NOI

$80K

Annual cash flow

$-25K

Cash-on-cash

-4.45%

DSCR

0.76

Going-in cap

4.21%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Northbridge Logistics2,500 SF2033-09
Northbridge Logistics1,620 SF2033-09
Northbridge Logistics1,052 SF2033-09
Northbridge Logistics1,986 SF2033-09

Area demographics

Trade area within 3 miles of the property.

Population

99,943

Households

34,689

Median income

$129,500

Median age

37.3

Daytime population

107,080

5-yr growth

2.8%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 40 W LANCASTER Street W, Kitchener.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.