Positioned in the heart of Downtown Kitchener, this exceptional property offers a rare combination of immediate functionality and outstanding long-term redevelopment potential. Currently being used as a professional law office, the property features a welcoming reception area, private offices, meeting rooms, and ample on-site parking, making it well suited for legal, accounting, consulting, or other professional services. For developers and investors, this is a strategic opportunity to acquire a prime site in one of Waterloo Region's fastest-growing urban centres. Surrounded by high-density residential, commercial, and mixed-use developments, the property offers the potential to generate income today while planning for tomorrow's redevelopment. Ideally located just steps from the courthouse, City Hall, the ION LRT, restaurants, technology employers, and the city's vibrant downtown amenities, this high-exposure property is perfectly positioned to benefit from Kitchener's continued growth and intensification. Whether you're seeking a prestigious downtown office or a premier redevelopment opportunity in a rapidly evolving market, this property delivers exceptional value and future potential. (id:66096)
Property Details
MLS®
40861597
Property Type
Office
Zoning
SGA-3
Parking
9
Interior Size
3,155 ft²
Frontage
60 ft
Building Area
3,155 ft²
Storeys
3
Basement
Full
Ownership
Freehold
Property Tax
$25,160/yr
Listed
56 days ago
Features
Exterior
Brick
Services
Water
Municipal water
Sewer
Municipal sewage system
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
56d
Kitchener listings, avg age
53d
Price / ft²
$618
List price
$1.95M
Long Listed: 56 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
Long Listed · day 56
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 office in Kitchener is available now. Want me to connect you with the agent or keep you posted on any price updates?
Listed by RED AND WHITE REALTY INC. · VICTOR ESTEIREIRO
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (N2H)
This home lists at $1,950,000, about 26.5× the local median household income of $73,500.
Carrying it typically needs a household income of about $380,903 (20% down, 25-yr amortization, stress-tested) — roughly 418% above the area median.
Median household income
$73,500
Population
22,456
Median age
38.4
Owner / renter
49% / 51%
Avg. household size
2.1
Source: Statistics Canada, 2021 Census (FSA N2H)
$1,950,000· $618/ft²
For sale
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Financing
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