For Lease · Office

241 KING Street E Unit# 243, Kitchener

241 KING Street E Unit# 243, Kitchener, ON N2G2K8

Price on request

2,230 SF

Asset Class

Office

Size

2,230 SF

Building class

C

Zoning

CB2 — Central Business

$ / SF

—

Occupancy

89%

About this property

A rare opportunity to lease a full standalone commercial building in the heart of Downtown Kitchener. Offering 2,230 square feet of thoughtfully designed office space across three levels (including a finished basement), this property combines open-concept functionality with unique character and outdoor appeal. The main floor features an open workspace, one private office, a kitchenette, and a 2-piece washroom. The second floor offers large windows that fill the space with natural light, another open-concept layout, and a flexible area that can serve as a second private office or breakout zone. The fully finished basement offers additional storage space and its own 2-piece washroom. One of the standout features of this property is the private outdoor green space - an uncommon and valuable amenity for any Downtown Kitchener commercial space. Three dedicated parking spaces are located at the rear of the building, with additional public parking and public transit steps away. This space is ideal for a tech startup, creative firm, or growing business seeking a flexible layout for co-working or team collaboration. With good condition throughout and great visibility, this location offers both professionalism and personality. Don't miss out on this unique opportunity and schedule your private viewing today. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$75K

Annual cash flow

$-8K

Cash-on-cash

-1.83%

DSCR

0.90

Going-in cap

4.99%

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
Meridian Health Group1,285 SF2027-09
Meridian Health Group448 SF2027-09
Meridian Health Group400 SF2027-09

Area demographics

Trade area within 3 miles of the property.

Population

61,647

Households

24,616

Median income

$81,000

Median age

45.7

Daytime population

92,089

5-yr growth

2%

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

Secure deal room

Confidential diligence documents for 241 KING Street E Unit# 243, 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.