Rare Opportunity in Kitchener’s SGA-2 Zone – Prime Redevelopment or Investment Property! Location, Location, Location! An unmatched opportunity awaits investors and developers in the heart of Kitchener’s high-growth Strategic Growth Area (SGA-2). This mixed-use commercial property sits on a high-exposure main street with generous zoning and exceptional redevelopment potential. Property Highlights: Over $400,000 in recent upgrades and improvements Operating Bar & Lounge with established clientele and income stream Updated 2-bedroom apartment above for added rental income Ample on-site parking and excellent street visibility Functional layout ideal for retail, hospitality, or professional use Zoned SGA-2 – allows for mixed-use, mid-rise development up to 8 storeys Strategic Growth Area A designation in the City of Kitchener Official Plan Located within a Major Transit Station Area (MTSA) – ideal for future urban intensification Zoning Benefits (SGA-2): Permits a wide range of commercial and residential uses Encourages mid-rise and mixed-use developments Supports transit-oriented growth in one of Kitchener’s most promising corridors Investment Potential: With significant capital improvements already completed and multiple income streams in place, this property offers strong holding income and excellent long-term upside. Whether you plan to redevelop, reposition, or land bank, this is a rare opportunity to secure a property in a prime growth node. Seller is motivated — bring a reasonable offer! Property being sold as is where is Don’t miss this rare opportunity to own a key property in one of Kitchener’s fastest-growing and most strategically located zones. Contact us today to learn more or arrange a private viewing. (id:50947)
| MLS® Number | 40784619 |
| Property Type | Other |
| Amenities Near By | Public Transit |
| Community Features | High Traffic Area |
| Equipment Type | Water Heater |
| Features | Southern Exposure, Visual Exposure |
| Rental Equipment Type | Water Heater |
| Basement Type | Full |
| Fire Protection | Alarm System |
| Stories Total | 2 |
| Size Exterior | 2500.0000 |
| Size Interior | 2500 Sqft |
| Utility Water | Municipal Water |
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 140 Ft |
| Size Frontage | 43 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Sga-2 |
https://www.realtor.ca/real-estate/29056081/612-king-street-e-kitchener
Contact us for more information
Michael Afley Tewelde
Salesperson
(519) 570-4447
https://kwinnovationrealty.com/
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