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$ 1,275,000
Est. payment /mo
Active
976 King ST W Kitchener, ON N2G 1G4
UPDATED:
01/20/2025 11:11 PM
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID X11932412
Annual Tax Amount $5,969
Tax Year 2024
Property Description
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.
Location
State ON
County Waterloo
Area Waterloo
Zoning U2-20
Interior
Cooling Yes
Inclusions Upstairs unit - Fridge, Stove, Dishwasher, Range hood, Stacked Front Load Dishwasher and Dryer. Main Floor unit - Basement Fridge, Washer, Dryer, Dishwasher
Exterior
Utilities Available Yes
Lot Frontage 38.0
Lot Depth 124.0
Others
Security Features No
Listed by CORCORAN HORIZON REALTY