2,500 sqft
$939,900
Prime Development & Investment Opportunity | Strategic Growth Area (SGA-2) An unmatched, high-exposure investment and redevelopment opportunity awaits in one of Kitchener's fastest-growing transit corridors. Situated on a high-visibility main street within a designated Major Transit Station Area (MTSA), this mixed-use commercial property offers exceptional long-term upside, immediate holding income potential, and generous zoning allowances. Zoning & Redevelopment Highlights (SGA-2): Incredible Density: Zoned SGA-2 under the City of Kitchener Official Plan, allowing for high-density, mid-rise, mixed-use developments of up to 8 storeys. Transit-Oriented Node: Strategically positioned within an MTSA corridor, designed to support urban intensification and transit-supportive development. Versatile Permitted Uses: The flexible zoning permits a wide range of retail, commercial, residential, and professional services. Main Level: Features a functional commercial layout, previously operating as a Bar & Lounge, offering a turnkey footprint for hospitality, retail, or office use. Upper Level: A spacious, self-contained 2-bedroom residential apartment providing immediate rental income or owner-occupant flexibility. On-Site Amenities: Generous on-site parking with excellent street frontage, signage opportunities, and exceptional pedestrian/vehicular traffic counts. Property is being sold in As Is, Where-Is condition. Do not miss this rare opportunity to secure this. (id:50787)
Property Details
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MLS® Number
|
40862749 |
|
Property Type
|
Other |
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Amenities Near By
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Hospital, Public Transit |
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Community Features
|
High Traffic Area |
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Features
|
Visual Exposure |
Building
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Basement Type
|
Partial |
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Stories Total
|
2 |
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Size Exterior
|
2500.0000 |
|
Size Interior
|
2,500 Sqft |
|
Type
|
Residential Commercial Mix |
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Utility Water
|
Well |
Land
|
Acreage
|
No |
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Land Amenities
|
Hospital, Public Transit |
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Sewer
|
Municipal Sewage System |
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Size Depth
|
140 Ft |
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Size Frontage
|
43 Ft |
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Size Total Text
|
Under 1/2 Acre |
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Zoning Description
|
Sga2 |
https://www.realtor.ca/real-estate/30270471/612-e-king-street-kitchener