41 King Street West, Kitchener | Image 1

41 King Street West

Kitchener

  • Commercial

$X
For Sale

Added 1 month ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: D1

  • Age: No Data

  • Taxes: 60124.52

  • MLS®#: X10426004

  • Days on Site: 2 Days

  • Added: Nov 13, 2024 (1 month ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: Whitney & Company Realty Limited, Brokerage

Fully Leased, historic Income producing property located in the heart of Downtown Kitchener. Built in 1908, spanning 4 floors this multi Tenant property has been fully improved. All mechanical, electrical, fire rating, windows, roof and life safety systems have been modernized. The building is anchored by Maxon, a division of Nemetschek Group. A German based software vendor with a market capitalization of over $14B and yearly revenue over $1.1B. Maxon specializes in 3D modelling, animation and rendering software. They have invested heavily in the building with their Tenant improvements. The main floor retail Tenant Tamasha Resto Bar is a successful operation that exists in Toronto. They have a track record being professional operators and have created a unique experience combining Indian Fusion with entertainment. The NOI as of March 2025 is $241,441.00. Current Lease expiries are Dec 31, 2028 for the Anchor Tenant Maxon and Aug 31, 2029 for Tamasha Resto Bar.

Extras

**Interboard listing: Cornerstone - Waterloo Region**

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Office

  • Area: Kitchener

  • Availability Date: 60-89 days

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: LT 5 PL 381 KITCHENER; PT LT 4 PL 381 KITCHENER PT 1, 58R6895; K

  • Taxes: $60,125

  • Taxes Type: Annual

Land

  • Cross Street: King St between Onta

  • Municipality District: Kitchener

  • Parcel Number: 224270072

  • Sewer: San+Storm

  • Lot Depth: 159.12 Feet

  • Lot Frontage: 25.14 Feet

  • Zoning: D1

Commercial Specific

  • Sprinklers: Y

  • Total Area: 12988

  • Total Area Metric: Sq Ft

  • Office Size: 12988

  • Office Size Metric: Sq Ft

  • Lot Code: Lot

Map of 41 King Street West, Kitchener
7-8

Courtland Avenue Public School

Elementary: Public
0.77 km
JK-8

St Bernadette Catholic Elementary School

Elementary: Catholic
1.78 km
JK-6

King Edward Public School

Elementary: Public
1.38 km
7-8

Margaret Avenue Public School

Elementary: Public
1.05 km
JK-6

Suddaby Public School

Elementary: Public
0.64 km
JK-6

J F Carmichael Public School

Elementary: Public
1.62 km
9-12

Rosemount - U Turn School

Secondary: Public
2.93 km
Pre-Grade 9-12

Kitchener Waterloo Collegiate and Vocational School

Secondary: Public
1.65 km
Pre-Grade 9-12

Bluevale Collegiate Institute

Secondary: Public
2.91 km
Pre-Grade 9-12

Eastwood Collegiate Institute

Secondary: Public
2.61 km
9-12

St Mary's High School

Secondary: Catholic
3.78 km
Pre-Grade 9-12

Cameron Heights Collegiate Institute

Secondary: Public
0.87 km