$1,700,000

For sale

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556 STIRLING Avenue South, Kitchener - Retail for Sale

556 STIRLING Avenue South, Kitchener, Ontario, N2M3J6

5,836 ft²Listed 154 days ago

Overview

This retail property in Kitchener is for sale offering roughly 5,836 sq ft of space.

Retail Space for Sale in Kitchener →All real estate in Kitchener →

Description

Excellent Commercial Investment Opportunity Well-established commercial property located in a densely populated and growing residential community. Ideally suited for a convenience or variety store, with an established customer base and limited nearby competition. The property offers approximately $8,000/month in rental income from two commercial units, providing a strong and diversified income stream for investors or owner-operators. Surrounded by established neighborhoods and new multi-unit residential developments, the area is experiencing continued residential growth, creating potential for increased customer traffic and future business opportunities. Excellent opportunity for investors or owner-operators Strong potential for long-term growth. (id:66096)

Property Details

MLS®: 40836499
Property Type: Retail
Zoning: C1
Interior Size: 5,836 ft²
Frontage: 50 ft
Building Area: 5,836 ft²
Storeys: 1
Basement: Full
Ownership: Freehold
Property Tax: $6,147.39/yr
Listed: 154 days ago

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

154d

Kitchener listings, avg age

53d

Price / ft²

$291

List price

$1.70M

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

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Listed by Royal LePage Peaceland Realty · Li Zhang

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2M)

This home lists at $1,700,000, about 23.8× the local median household income of $71,500.

Carrying it typically needs a household income of about $332,070 (20% down, 25-yr amortization, stress-tested) — roughly 364% above the area median.

Median household income: $71,500
Population: 36,494
Median age: 36.4
Owner / renter: 46% / 54%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N2M)

$1,700,000· $291/ft²

For sale

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Financing

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