This retail property in Kitchener is for sale offering roughly 2,424 sq ft of space. It has been on the market 40 days, fresher than the Kitchener average of 53 days.
Excellent opportunity to acquire a complete, recently refreshed commercial setup at 1405 Ottawa Street, located within a large, established plaza anchored by major tenants including a grocery store and Rexall. The plaza benefits from strong daily exposure and activity, with hundreds, if not thousands, of people driving by or visiting the plaza each day, providing excellent visibility and convenient access for customers. The approximately 2,800 sq. ft. space offers a versatile layout suitable for a variety of retail, food & beverage, service, and other commercial concepts. The space has been substantially built out and features a spacious serving/customer area, kitchen area, dedicated storage room, office space, and an oversized public washroom. The existing buildout represents an investment of over $450,000, providing a significant head start for a new operator compared to starting from an unfinished commercial space. Recent improvements include newly installed electrical and water lines, providing modern infrastructure for continued use and adaptation. The sale includes the existing fixtures and improvements, offering an excellent opportunity for an entrepreneur or established operator to take advantage of an extensively improved commercial space while potentially reducing the time, cost, and complexity associated with a new buildout. Conveniently positioned within an established plaza with strong neighbouring tenants and consistent daily activity, this property offers a flexible foundation for a new business concept, expansion, or owner-operator opportunity. The existing infrastructure and layout can accommodate a range of potential commercial uses, subject to applicable approvals. Please inquire for further details, fixture list, and additional information. (id:66096)
Property Details
MLS®
40866575
Property Type
Retail
Zoning
C2
Interior Size
2,424 ft²
Frontage
1 ft
Building Area
2,424 ft²
Storeys
1
Basement
None
Listed
40 days ago
Services
Water
Municipal water
Sewer
Municipal sewage system
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
40d
Kitchener listings, avg age
53d
Price / ft²
$103
List price
$250K
Extended: 40 days on market, against an average age of 53 days across the listings currently for sale in this city
Market timing · days on market0 → 53d avg age of current listings
Extended · day 40
Homes here sell faster than most markets
Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 100.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
Haho
This retail in Kitchener has been listed for 40 days, which is 13 days fresher than the city average of 53. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (N2A)
This home lists at $250,000, about 2.6× the local median household income of $96,000.
Carrying it typically needs a household income of about $48,834 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Median household income
$96,000
Population
32,454
Median age
39.2
Owner / renter
71% / 29%
Avg. household size
2.7
Source: Statistics Canada, 2021 Census (FSA N2A)
$250,000· $103/ft²
For sale
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