1615 HIGHLAND Road W Unit# 2nd Floor, Kitchener1615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 21615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 31615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 41615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 51615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 61615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 71615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 81615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 91615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 101615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 111615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 121615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 131615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 141615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 151615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 161615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 171615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 181615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 191615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 201615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 211615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 221615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 231615 HIGHLAND Road W Unit# 2nd Floor, Kitchener — photo 24
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For Lease · Specialty

1615 HIGHLAND Road W Unit# 2nd Floor, Kitchener

1615 HIGHLAND Road W Unit# 2nd Floor, Kitchener, ON N2N3K5

Price on request

1,980 SF

Asset Class

Specialty

Size

1,980 SF

Building class

A

Zoning

US — Urban Services

$ / SF

—

Occupancy

86%

Lot Size

1.75 ac

About this property

Close to 2000sqft of Professional Medical/Office space available on 2nd floor for lease. 28 parking spaces available which is shared with Daycare Centre on the 1st floor. This Wellness Centre welcomes Physiotherapists, RMTS, Naturopaths, Cranial-Sacral, Reflexologists, Holistic Nutritionist, Yoga Instructors or any other Professional Office. Your patients/clients will instantly feel relaxed when they walk into your studio. Bright open concept main area complimented by 5 private treatment rooms and 2 full bathrooms. This building sits on 1.79Acres with a view of a gorgeous pond. Located close to the Boardwalk and Expressway. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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
Blue Harbour Design1,193 SF2032-02
Blue Harbour Design400 SF2032-02
Blue Harbour Design400 SF2032-02

Area demographics

Trade area within 3 miles of the property.

Population

121,234

Households

44,537

Median income

$71,000

Median age

40

Daytime population

154,821

5-yr growth

3.5%

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

Secure deal room

Confidential diligence documents for 1615 HIGHLAND Road W Unit# 2nd Floor, 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.