For Sale · Specialty

108 QUEEN Street N, Kitchener

108 QUEEN Street N, Kitchener, ON N2H2H5

$2.3M total

5,985 SF

Asset Class

Specialty

Size

5,985 SF

Building class

B

Zoning

DC2 — Site Specific

$ / SF

$384

Occupancy

90%

About this property

An exceptional opportunity to own nearly half an acre in Kitchener's established Civic Centre neighbourhood, home to the historic Sonneck House. Located at 108 Queen Street North, this Italianate-style property dates to 1874 and is the last remaining Breithaupt family home in Kitchener. Its red brick exterior, decorative stonework, bay windows and covered porches reflect the craftsmanship of the era. The approximately 19,902 sq. ft. (0.457-acre) parcel offers 153.80 feet of frontage, approximately 129 feet of depth and parking for 12+ vehicles, including a garage. With its generous dimensions and prominent location, the property presents a compelling opportunity for buyers seeking a substantial parcel in an established urban neighbourhood. Existing improvements include a substantial two-storey residence with three bedrooms, 1.5 bathrooms, living and dining rooms with fireplaces, a kitchen with centre island and breakfast area, and attic storage. A sweeping wooden staircase, stained glass, hardwood floors and detailed trim add historic character. An adjoining commercial space currently operates as a salon, with a bathroom and unfinished upper level. With the owner vacating, the space offers potential for a new business or commercial tenant. A separate tenanted residential space provides existing rental income. Steps from Centre in the Square and Kitchener Public Library, the property is minutes from Downtown Kitchener's restaurants, shops and amenities, with convenient access throughout Waterloo Region. Located within Kitchener's Strategic Growth Area (SGA), this substantial parcel offers possibilities for continued residential and commercial use or exploration of its long-term potential, subject to applicable zoning, heritage requirements and municipal approvals. A rare opportunity to own a recognizable address and shape the next chapter of a significant Kitchener property. (id:66811)

Financial sandbox

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Estimate
Purchase price$2.30M
Down payment30% · $690K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$11K

Projected NOI

$146K

Annual cash flow

$19K

Cash-on-cash

2.69%

DSCR

1.15

Going-in cap

6.35%

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
Aurora Legal LLP5,363 SF2034-08

Area demographics

Trade area within 3 miles of the property.

Population

138,552

Households

48,781

Median income

$133,500

Median age

36.1

Daytime population

235,172

5-yr growth

5.3%

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

Secure deal room

Confidential diligence documents for 108 QUEEN Street N, 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.