137 King Street East, Kitchener | Image 1

137 King Street East

Kitchener

  • 0 bed 0 bath 5000 sqft
$3,700,000 est.*: $12,534/mo
For Sale

Added 2 weeks ago

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  • Type: Multiplex

  • Style: 3-Storey

  • Size: 5000 sqft

  • Lot Size: 74.83 x 105.19 Feet

  • Age: No Data

  • Taxes: $54,771 per year

  • Added: Mar 11, 2025 (2 weeks ago)

  • Updated:

  • Last Checked: 2 weeks ago

  • MLS®#: X12013845

  • 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
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Walker's Paradise

  • Daily errands do not require a car.
99 /100

Good Transit

  • Some errands can be accomplished by public transportation.
66 /100

Biker's Paradise

  • Daily errands do not require a car.
92 /100
7-8

Courtland Avenue Public School

Elementary: Public
0.63 km
JK-8

St Bernadette Catholic Elementary School

Elementary: Catholic
1.68 km
7-8

Margaret Avenue Public School

Elementary: Public
1.22 km
JK-8

St Anne Catholic Elementary School

Elementary: Catholic
1.31 km
JK-6

Suddaby Public School

Elementary: Public
0.54 km
JK-6

Sheppard Public School

Elementary: Public
1.23 km
9-12

Rosemount - U Turn School

Secondary: Public
2.79 km
Pre-Grade 9-12

Kitchener Waterloo Collegiate and Vocational School

Secondary: Public
1.93 km
Pre-Grade 9-12

Bluevale Collegiate Institute

Secondary: Public
3.12 km
Pre-Grade 9-12

Eastwood Collegiate Institute

Secondary: Public
2.32 km
9-12

St Mary's High School

Secondary: Catholic
3.55 km
Pre-Grade 9-12

Cameron Heights Collegiate Institute

Secondary: Public
0.60 km
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