Added 1 month ago
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Type: Multiplex
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Style: 3-Storey
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Size: 5000 sqft
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Lot Size: 74.83 x 105.19 Feet
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Age: No Data
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Taxes: $54,771 per year
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Added: Mar 11, 2025 (1 month ago)
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Updated:
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Last Checked: 1 month ago
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MLS®#: X12013845
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Listed By: Trilliumwest real estate brokerage ltd
With its historic charm, strategic location, and advanced state of development, the 137 King Street property is a rare find for investors looking to make a significant impact in Kitchener-Waterloo. Breathe new life into a piece of history while capitalizing on a unique development project. This property offers an exceptional chance to complete a vision thats already underway, minimizing upfront challenges. Much of the initial work has been completed, allowing the next owner to focus on finishing touches and interior customization. The building features 12 loft-style apartments on the 2nd and 3rd floors, showcasing high ceilings and spacious layouts across 10,471 sq ft. These units are framed and nearly ready for drywall, with plumbing rough-ins also close to completion, significantly reducing the time and cost needed to bring them to market. On the main level, the property includes three commercial units totalling 5,285 sq ft. These spaces provide versatile leasing opportunities, making the building ideal for a mixed-use development that attracts both residential tenants and commercial occupants. The combination of loft apartments and commercial units enhances the potential for strong rental income streams. Adding to its appeal, the building has 18 dedicated parking spaces, with the possibility of securing additional spots nearby. This flexibility enhances the property's usability, catering to both residents and commercial tenants.TAX ASSESSMENT YEAR IS 2017.
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Property
Status: Sale
Property Type: Multiplex
Style: 3-Storey
Size (sq ft): 5000
Area: Kitchener
Assessment Year: 2024
Inside
Den/Family Room: No
Air Conditioning: None
Fireplace: No
Central Vacuum: N
Building
Basement: Unfinished
Heat Type: Other
Heat Source: Gas
Exterior: Brick
Water Supply: Municipal
Special Designation: Heritage
Parking
Garage Type: None
Covered Parking Spaces: 18
Total Parking Spaces: 18
Fees
Tax Year: 2024
Tax Legal Description: PT LT 5 S/S KING ST, 6 S/S KING ST PL 364 KITCHENER PT 2, 58R295
Taxes: $54,771
Land
Cross Street: King St and Benton S
Municipality District: Kitchener
Fronting On: West
Parcel Number: 225010054
Pool: None
Sewer: Sewers
Lot Depth: 105.19 Feet
Lot Frontage: 74.83 Feet
Zoning: D1
Additional Media
- Virtual Tour: https://youriguide.com/137_king_st_e_kitchener_on
Walker's Paradise
- Daily errands do not require a car.
Good Transit
- Some errands can be accomplished by public transportation.
Biker's Paradise
- Daily errands do not require a car.
Courtland Avenue Public School
Elementary: PublicSt Bernadette Catholic Elementary School
Elementary: CatholicMargaret Avenue Public School
Elementary: PublicSt Anne Catholic Elementary School
Elementary: CatholicSuddaby Public School
Elementary: PublicSheppard Public School
Elementary: PublicRosemount - U Turn School
Secondary: PublicKitchener Waterloo Collegiate and Vocational School
Secondary: PublicBluevale Collegiate Institute
Secondary: PublicEastwood Collegiate Institute
Secondary: PublicSt Mary's High School
Secondary: CatholicCameron Heights Collegiate Institute
Secondary: Public-
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