$1,899,000
For sale
$1,899,000
Kitchener
$1,899,000
Kitchener
40 West LANCASTER Street West, Kitchener, Ontario, N2H4S9
This industrial property in Kitchener is for sale offering roughly 8,500 sq ft of space. It has been on the market 15 days, fresher than the Kitchener average of 53 days.
Perfectly-located M2 Zoning commercial property on highly visible Lancaster St W, one of Kitchener’s key arterial corridors connecting Downtown Kitchener, Bridgeport, and surrounding commercial districts. This multi-tenant commercial building has historically supported showroom, retail, service, and light industrial uses, offering excellent flexibility for a wide range of business operations. The property features strong street presence, excellent exposure, and consistent traffic flow, making it an ideal candidate for automotive-related uses, including car dealerships, specialty auto sales and could fit 60-70 veihicles total, or showroom-based businesses. The site configuration and frontage lend themselves well to vehicle display, customer parking, and easy ingress/egress, a rare combination along a corridor of this calibre. With two drive in doors and multiple man doors, the building offers adaptable interior layouts suitable for showroom space, offices, and back-of-house operations. The surrounding area is a well-established commercial node with ongoing reinvestment and redevelopment activity, enhancing long-term value and exposure. Ideal for owner-users, investors, or automotive operators seeking a prime location with high visibility, flexible usage potential, and proximity to major transportation routes. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 15 days on market, against an average age of 53 days across the listings currently for sale in this city
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.
This industrial in Kitchener has been listed for 15 days, which is 38 days fresher than the city average of 53. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,899,000, about 25.8× the local median household income of $73,500.
Carrying it typically needs a household income of about $370,941 (20% down, 25-yr amortization, stress-tested) — roughly 405% above the area median.
Source: Statistics Canada, 2021 Census (FSA N2H)
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