Prime Development & Investment Opportunity | Strategic Growth Area (SGA-2) An unmatched, high-exposure investment and redevelopment opportunity awaits in one of Kitchener's fastest-growing transit corridors. Situated on a high-visibility main street within a designated Major Transit Station Area (MTSA), this mixed-use commercial property offers exceptional long-term upside, immediate holding income potential, and generous zoning allowances. Zoning & Redevelopment Highlights (SGA-2): Incredible Density: Zoned SGA-2 under the City of Kitchener Official Plan, allowing for high density, mid-rise, mixed-use developments of up to 8 storeys. Transit-Oriented Node: Strategically positioned within an MTSA corridor, designed to support urban intensification and transit-supportive development. Versatile Permitted Uses: The flexible zoning permits a wide range of retail, commercial, residential, and professional services. Existing Infrastructure & Holding Income: Main Level: Features a functional commercial layout, previously operating as a Bar & Lounge, offering a turnkey footprint for hospitality, retail, or office use. Upper Level: A spacious, self-contained 2-bedroom residential apartment providing immediate rental income or owner-occupant flexibility. On-Site Amenities: Generous on-site parking with excellent street frontage, signage opportunities, and exceptional pedestrian/vehicular traffic counts. The Investment Strategy: With significant capital improvements already completed, this property is perfectly positioned for land banking, complete redevelopment to maximize density, or repositioning the commercial space to secure strong, long-term holding yields. Property is being sold in "As-Is, Where-Is" condition. Do not miss this rare opportunity to secure a key footprint in Kitchener's primary growth node. (id:66096)
Property Details
MLS®
X13776224
Property Type
Retail
Zoning
Commercial
Interior Size
2,500 ft²
Lot Size
43 × 140 ft (6,021 sq ft)
Frontage
43 ft
Heating
Forced air, Natural gas
Cooling
Fully air conditioned
Property Tax
$14,808/yr
Listed
53 days ago
Services
Water
Municipal water
Sewer
Sanitary sewer
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
53d
Kitchener listings, avg age
53d
Price / ft²
$376
List price
$940K
Long Listed: 53 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 53
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 53 days, right at the city average. A solid opportunity worth looking into.
Listed by RE/MAX SKYWAY REALTY INC. · AMANPREET SINGH DHILLON
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (N2G)
This home lists at $939,900, about 15.1× the local median household income of $62,400.
Carrying it typically needs a household income of about $183,595 (20% down, 25-yr amortization, stress-tested) — roughly 194% 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)
$939,900· $376/ft²
For sale
Book a showing
Pick a time that suits you. A verified local agent confirms within 24h.
Financing
Need a commercial mortgage?
Commercial lenders price on income, tenancy, and zoning rather than posted rates. Our partner mortgage brokers at iShopRates structure the file and shop lenders for you.
