$999,999

For saleJust listed

496 King Street East, Kitchener - Single Family for Sale

496 King Street East, Kitchener, Ontario, N2G2L6

0 baths8 parking1,300 ft²40 × 109 ft (4,360 sq ft) lot sizeListed 7 days ago

Overview

This home in Kitchener is for sale offering roughly 1,300 sq ft of space. It has been on the market 7 days, fresher than the Kitchener average of 53 days.

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Description

Exceptional opportunity to own a versatile mixed-use building in the heart of Downtown Kitchener along the vibrant King Street East corridor. This high-exposure property benefits from strong pedestrian and vehicular traffic, making it ideal for a wide range of commercial uses.The main floor features a bright, street-facing commercial space, previously operated as a hair salon, offering excellent visibility and signage potential-perfect for retail, service-based businesses, or professional offices. The upper level includes a self-contained residential apartment, providing an excellent opportunity for owner-occupancy, rental income, or live/work flexibility.Situated in a rapidly growing urban hub, this property is just minutes from Downtown Kitchener amenities including restaurants, cafes, retail shops, LRT transit, and major employers. The location also offers convenient access to public transit, nearby hospitals, and key commuter routes, enhancing both business exposure and residential appeal.With flexible zoning allowing for a variety of commercial and residential uses, this property is ideal for entrepreneurs, investors, or end-users looking to establish themselves in one of Kitchener's most dynamic and evolving areas. (id:66096)

Property Details

MLS®: X14123276
Property Type: Single Family
Zoning: SGA-2
Bathrooms: 0
Parking: 8
Interior Size: 1,300 ft²
Lot Size: 40 × 109 ft (4,360 sq ft)
Frontage: 40 ft
Storeys: 2
Garage: No Garage
Property Tax: $5,178/yr
Listed: 7 days ago

Features

Foundation: Stone
Exterior: Aluminum siding

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Kitchener listings, avg age

53d

Price / ft²

$769

List price

$1000K

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 single family in Kitchener has been listed for 7 days, which is 46 days fresher than the city average of 53. Act while there is still low competition.

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Listed by RE/MAX TWIN CITY REALTY INC. · ELIAS JIRYIS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2G)

This home lists at $999,999, about 16.0× the local median household income of $62,400.

Carrying it typically needs a household income of about $195,335 (20% down, 25-yr amortization, stress-tested) — roughly 213% above the area median.

Median household income: $62,400
Population: 14,580
Median age: 38
Owner / renter: 31% / 69%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA N2G)

$999,999· $769/ft²

For sale

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Full Cost Breakdown

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Down Payment7.50% · $74,999.90

Min 7.50%50%

Mortgage payment$5,128/mo

↳ CMHC premium ($37,000 capitalized)

Property tax (est.)$432/mo

Total monthly$5,560

Cash Needed to Close

Down payment (7.50%)$75,000

Land transfer tax$16,475

Est. closing costs$5,500

Total cash needed$96,975

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