A fantastic opportunity waits for investors and developers a prime DTK location, King Street commercial frontage, and right around the corner from the LRT line. 195 King Street East is a mixed use (commercial and multi-residential) property of 0.15 acres in total area, which includes over 40 feet of frontage on Downtown Kitchener's primary King Street artery. The current use includes two commercial units on the ground level, in addition to four residential units on the upper floors. Waterloo Regions King Street corridor has experienced an explosion in demand for private residential dwellings over the past several years. New businesses and residential projects have populated the length of the LRT system, and demand continues to grow. Current zoning would permit the development of a medium scale residential or mixeduse project, with the potential for more as the city eases parking restrictions. (id:20587)
| MLS® Number | 40085647 |
| Property Type | Multi-family |
| EquipmentType | None |
| Features | Paved Driveway |
| ParkingSpaceTotal | 6 |
| RentalEquipmentType | None |
| BedroomsTotal | 5 |
| BasementType | None |
| ConstructionStyleAttachment | Detached |
| ExteriorFinish | Brick, Vinyl Siding |
| FireProtection | Smoke Detectors |
| FoundationType | Poured Concrete |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 7222 |
| UtilityWater | Municipal Water |
| None |
| Acreage | No |
| Sewer | Municipal Sewage System |
| SizeDepth | 162 Ft |
| SizeFrontage | 41 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | D1 |
https://www.realtor.ca/real-estate/22967987/195-197-199-king-street-e-kitchener
Contact us for more information
Novak Nikolic
Salesperson
Lee S. Quaile
Broker of Record
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