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Price on request
2,230 SF
Asset Class
Office
Size
2,230 SF
Building class
C
Zoning
CB2 — Central Business
$ / SF
—
Occupancy
89%
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)
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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.
| Tenant | Area | Expiry |
|---|---|---|
| Meridian Health Group | 1,285 SF | 2027-09 |
| Meridian Health Group | 448 SF | 2027-09 |
| Meridian Health Group | 400 SF | 2027-09 |
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.
Confidential diligence documents for 241 KING Street E Unit# 243, Kitchener.
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.