Added 10 hours ago
-
Type: Commercial/Retail
-
Property Type: Commercial
-
Business Type: Health & Beauty Related
-
Zoning: U2-20
-
Age: 100+ years
-
Taxes: 5969.56
-
MLS®#: X11932412
-
Added: Jan 20, 2025 (10 hours ago)
-
Updated:
-
Last Checked: 2 hours ago
-
Listed By: CORCORAN HORIZON REALTY
This mixed-use property on King Street West offers an excellent opportunity for investors or entrepreneurs. Featuring a fully renovated commercial salon on the main floor and a residential unit upstairs, both spaces are tenanted with steady income streams. Its location across from Grand River Hospital ensures high visibility and easy access. Upgrades totaling over $43,000 have been made, including a completely updated basement with modern plumbing, new flooring, paint, and stairs. A new furnace, AC, and water softener were installed in 2022, and a backflow prevention system was added in 2024. The exterior has been refreshed with paint and new concrete patio slabs, adding to its curb appeal. The upper residential unit offers modern appliances, including a washer, dryer, and dishwasher, ensuring tenant satisfaction. The salon is move-in ready, with prior renovations to plumbing and electrical systems. Current leases provide reliable income, with the residential unit generating $1,470.88 monthly and the salon bringing $4,161.60 plus HST, with a planned increase in 2025. With its prime location, modern upgrades, and strong rental potential, this property is ideal for anyone seeking a well-maintained investment in a vibrant neighbourhood.
Property
Status: Sale
Type: Health & Beauty Related
Property Type: Commercial/Retail
Property Type: Multi-Use
Age: 100+
Area: Kitchener
Availability Date: Flexible
Assessment Amount: $469,000
Assessment Year: 2024
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Gas Forced Air Open
Elevator: None
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: None
Fees
Tax Year: 2024
Taxes: $5,970
Taxes Type: Annual
Land
Cross Street: Union Blvd/ Union St
Municipality District: Kitchener
Parcel Number: 223280201
Lot Depth: 124 Feet
Lot Frontage: 38 Feet
Zoning: U2-20
Commercial Specific
Retail Area: 768
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 0.11
Total Area Metric: Acres
Lot Code: Lot
Our Lady of Lourdes Catholic Elementary School
Elementary: CatholicKing Edward Public School
Elementary: PublicÉcole élémentaire L'Harmonie
Elementary: PublicWestmount Public School
Elementary: PublicSt John Catholic Elementary School
Elementary: CatholicElizabeth Ziegler Public School
Elementary: PublicSt David Catholic Secondary School
Secondary: CatholicForest Heights Collegiate Institute
Secondary: PublicKitchener Waterloo Collegiate and Vocational School
Secondary: PublicBluevale Collegiate Institute
Secondary: PublicWaterloo Collegiate Institute
Secondary: PublicCameron Heights Collegiate Institute
Secondary: Public
