1020 King Street E, Kitchener, ON N2G 2M9
Kitchener, ON, N2G 2M9
About this property
MODERN COMMERCIAL SPACE WITH DUAL INCOME STREAMS! Positioned along the rapidly evolving King Street East corridor, just minutes from Downtown Kitchener, this beautifully restored commercial property presents a rare opportunity to own a move-in-ready investment in one of the city's most active growth areas. Extensively renovated throughout, the building blends timeless character with contemporary design, showcasing exposed brick, rich hardwood flooring, and an open-concept layout designed to inspire collaboration and productivity. The main floor is currently configured as a stylish professional office, complete with a private boardroom, making it ideal for a wide range of business uses. Upstairs, a fully tenanted two-bedroom residential apartment provides reliable income, currently rented for $1,550 per month inclusive of utilities. An additional revenue stream comes from the prominent exterior billboard, leased to Pattison Signs, generating approximately $4,800 annually. Designed with flexibility in mind, the property features separate mechanical systems, including two furnaces, two air conditioners, and two hot water heaters, allowing for efficient operation of both the commercial and residential spaces. A full basement offers exceptional storage, while the newly paved parking area provides five on-site parking spaces, complemented by two municipal parking spaces directly in front of the building. With dual driveway access, including a private entrance and shared access from King Street-ingress and egress are both convenient and practical. Offering exceptional visibility, multiple income sources, and a polished, turnkey interior, this is a standout opportunity for investors, entrepreneurs, or owner-occupiers.
Features & Amenities
- Garage: None
- Cooling: Yes
- Heat Type: Gas Forced Air Open
Property Details
| Property Type | Commercial |
|---|---|
| Property Sub-Type | Office |
| Garage | None |
| Parking Spaces | 6 |
| Heat Type | Gas Forced Air Open |
| Cooling | Yes |
| Annual Tax | $15,400 |
| Tax Year | 2025 |
Building & Construction
- Building Area Total
- 1623
Heating & Cooling
- Heat Type
- Gas Forced Air Open
- Cooling
- Yes
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 6
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 100.00
- Lot Width
- 35.00
Community & Neighborhood
- Community Features
- Major Highway, Public Transit
Financial & Tax
- Tax Annual Amount
- $15,400
- Tax Year
- 2025
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Utilities
- Yes
Additional Details
- Occupant Type
- Owner+Tenant
- County Or Parish
- Waterloo
- Cross Street
- OTTAWA ST N/KING ST E
- Directions
- OTTAWA ST N/KING ST E
- Showing Requirements
- Lockbox, Showing System
Location
1020 King Street E, Kitchener, ON N2G 2M9, Kitchener, ON, N2G 2M9