For Lease · Specialty

601 LANCASTER Street W Unit# Quonset, Kitchener

601 LANCASTER Street W Unit# Quonset, Kitchener, ON N2K1M5

Price on request

637 SF

Asset Class

Specialty

Size

637 SF

Building class

B

Zoning

DC2 — Site Specific

$ / SF

—

Occupancy

91%

About this property

Flexible Commercial Shop/Warehouse Space for Lease – Prime Lancaster St. W Location. Excellent opportunity to lease 1,200 sqft of versatile commercial space in a highly accessible Kitchener location. This unique quonset-style building features 900 sqft on the main level plus a 300 sqft mezzanine, making it ideal for a variety of commercial, office, warehouse, and service-based businesses. The space offers a large drive-in bay door for easy loading and unloading, spray foam insulation, concrete floors, heat, hydro, water and on-site parking for up to three vehicles. A washroom is included, and the flexible layout provides ample room for office, storage, inventory, or light commercial operations. Ideally suited for contractor offices with indoor storage, e-commerce and distribution businesses, print and sign companies, technology firms, research and development, commercial offices, and other permitted commercial uses. Conveniently located on Lancaster Street West with quick access to Highway 7/8, Highway 85, downtown Kitchener, Waterloo, and the surrounding Region of Waterloo. Contact the listing agent for permitted uses, lease details, and to arrange your private viewing. Can be combined with MLS #40834812 (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy91%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$77K

Annual cash flow

$-6K

Cash-on-cash

-1.26%

DSCR

0.93

Going-in cap

5.16%

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 Group400 SF2031-02
Meridian Health Group400 SF2031-02
Meridian Health Group400 SF2031-02
Meridian Health Group400 SF2031-02

Area demographics

Trade area within 3 miles of the property.

Population

81,333

Households

31,562

Median income

$90,000

Median age

43.7

Daytime population

121,448

5-yr growth

0.8%

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

Secure deal room

Confidential diligence documents for 601 LANCASTER Street W Unit# Quonset, 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.