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$999,999 total
1,830 SF
Asset Class
Specialty
Size
1,830 SF
Building class
B
Zoning
US — Urban Services
$ / SF
$546
Occupancy
90%
Exceptional opportunity to own a versatile mixed-use building in the heart of Downtown Kitchener along the vibrant King Street East corridor. This high-exposure property benefits from strong pedestrian and vehicular traffic, making it ideal for a wide range of commercial uses. The main floor features a bright, street-facing commercial space, previously operated as a hair salon, offering excellent visibility and signage potential—perfect for retail, service-based businesses, or professional offices. The upper level includes a self-contained residential apartment, providing an excellent opportunity for owner-occupancy, rental income, or live/work flexibility. Situated in a rapidly growing urban hub, this property is just minutes from Downtown Kitchener amenities including restaurants, cafes, retail shops, LRT transit, and major employers. The location also offers convenient access to public transit, nearby hospitals, and key commuter routes, enhancing both business exposure and residential appeal. With flexible zoning allowing for a variety of commercial and residential uses, this property is ideal for entrepreneurs, investors, or end-users looking to establish themselves in one of Kitchener’s most dynamic and evolving areas. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$5K
Projected NOI
$56K
Annual cash flow
$537
Cash-on-cash
0.18%
DSCR
1.01
Going-in cap
5.59%
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 |
|---|---|---|
| Summit Trades Supply | 1,645 SF | 2029-02 |
Trade area within 3 miles of the property.
Population
101,117
Households
39,919
Median income
$103,500
Median age
45.6
Daytime population
86,912
5-yr growth
6.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 496 E KING Street E, 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.