$1,275,000
( $261.34Per Sq Foot )
 $6,844 est/mo Sourced by Back At You

976 King Street , Kitchener, ON N2G 1G4

Kitchener, ON N2G 1G4

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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.

Details

MLS#X11932412
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Days On Site20
Listing Provided ByCORCORAN HORIZON REALTY | Not Provided

Features

SQ Feet4,878
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

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Listings Checked: 9 hours ago
StateON
CountyWaterloo
CityKitchener
Zip CodeN2G 1G4
Listing VS Median (in N2G 1G4)
Price:
$1,275,000
low | high
Med:
$1,275,000
50% of Average
SqFt:
4,878
low | high
Med:
4,878
50% of Average
$ / SqFt:
$261
low | high
Med:
$261
50% of Average
On Site:
20
low | high
Med:
20.000000
100% of Average
Sourced by Back At You
Listing Updated: February 5, 2025 at 12:52:26 PM PST