169 Madison Avenue South, Kitchener | Image 1

169 Madison Avenue South

Kitchener

  • Commercial

$1,598,800
For Sale

Added 2 weeks ago

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  • Type: Store W/Apt/Office

  • Property Type: Commercial

  • Zoning: R3

  • Age: 100+ years

  • Taxes: 6311.92

  • MLS®#: X8223204

  • Days on Site: 1 Days

  • Added: Apr 10, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: IQI GLOBAL REAL ESTATE

Don't Look Further, Be Your Own Boss!! The Money-Making Machine Is In The Growing Crown Of West End. Convenience Store (Tobacco, LOTO, Western Union + Retail), Commercial Kitchen And 3 Rental Units. Retail Convenience Stores Are Making over $40,000 Per Month Gross Revenue, Take Out Kitchen Is Making Over $12,000 Per Month. Basement Rented At $2250.00 Per Month And The Owner Live On The 2nd Floor, Which Can Easily Be Rented At $2800.00 Per Month. Tons Of Upgrades So You Don't Have To Do Anything. Two Electric Panels: Store 200 AMPS Panel, Top Floor And Basement Is 100 Amps Panel. All Breakers. All New Panels. Store Panel Upgraded In 2018. Commercial Kitchen Was Built In 2016, Parking 1012 Cars, Roof 2015, Deck 2012, Upstairs Kitchen/bathroom/flooring 2011, All Windows Doors 2016, -All Plumbing Both Water And Sewer 2012, Basement Redone In 2015, Basement Washroom 2022, Garage With Apartment 2022. (Everything Is New. All Rebuilt From Scratch With Heating), New Store Front And Sidi ng 2023, New Furnace 2023, Central Air 2013, Ductless Heat And Air In Store 2018, Enclosed Addition(deck) For Kitchen & Store 2022, Drop Ceiling With New Lights For Store And Kitchen 2016, Grease Traps In Kitchen And Backflow Was Installed With Kitchen. 2016. New storage shed built in 2022. The Seller Is Willing To Provide Training And Vacant Possession Can Be Provided. Don't Wait To Buy This ATM!!

Extras

2 Fridge, 2 Stove, 2 Washer/Dryer, Multiple Fridge/Freezers for Kitchen business use.

Property

  • Status: Sale

  • Property Type: Store W/Apt/Office

  • Property Type: Store With Apt/Office

  • Age: 100+

  • Net Income: 300000

  • Area: Kitchener

  • Availability Date: Clear

  • Assessment Amount: $313,000

  • Assessment Year: 2023

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Energy Certificate: N

  • Green Verification Status: Y

  • Freestanding: Y

  • Outside Storage: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 12

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 6 PL 368 KITCHENER AS IN 833510; KITCHENER

  • Taxes: $6,312

  • Expenses: Act

  • Insurance Fee: 2700

  • Operating Fees: 160000

  • Hydro Expense: 11000

  • Heat Expenses: 8000

  • Other Expenses: 2000

  • Taxes Type: Annual

  • Tax Year: 2023

  • Water Fees: 8000

Land

  • Cross Street: Courtland Ave E And

  • Municipality District: Kitchener

  • Parcel Number: 225050009

  • Sewer: None

  • Lot Depth: 113.75 Feet

  • Lot Frontage: 55.2 Feet

  • Zoning: R3

Commercial Specific

  • Number of Employees: 3

  • Retail Area: 960

  • Retail Area Metric: Sq Ft

  • Total Area: 4000

  • Total Area Metric: Sq Ft

  • Office Size: 300

  • Office Size Metric: Sq Ft

  • Area Influence: Major Highway

  • Area Influence: Rec Centre

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Building

  • Survey: N

  • Business/Building Name: J&P Filipino Grocery Store

  • Financial Statement: Y

  • Gross Income/Sales: 500000

  • LLBO: N

7-8

Courtland Avenue Public School

Elementary: Public
0.24 km
JK-8

St Bernadette Catholic Elementary School

Elementary: Catholic
1.01 km
JK-6

Queen Elizabeth Public School

Elementary: Public
1.28 km
JK-8

St Anne Catholic Elementary School

Elementary: Catholic
1.58 km
JK-6

Suddaby Public School

Elementary: Public
1.20 km
JK-6

Sheppard Public School

Elementary: Public
1.26 km
9-12

Rosemount - U Turn School

Secondary: Public
3.21 km
Pre-Grade 9-12

Kitchener Waterloo Collegiate and Vocational School

Secondary: Public
2.38 km
Pre-Grade 9-12

Bluevale Collegiate Institute

Secondary: Public
3.85 km
Pre-Grade 9-12

Eastwood Collegiate Institute

Secondary: Public
2.04 km
9-12

St Mary's High School

Secondary: Catholic
2.84 km
Pre-Grade 9-12

Cameron Heights Collegiate Institute

Secondary: Public
0.46 km