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$ 1,275,000
Est. payment /mo
Active
976 KING Street W Kitchener, ON N2G1G4
1,665 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,665 sqft
Price per Sqft $765
Subdivision 415 - Uptown Waterloo/Westmount
MLS® Listing ID 40691796
Originating Board Cornerstone - Waterloo Region
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. (id:24570)
Location
Province ON
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://youriguide.com/93q4b_976_king_st_w_kitchener_on/
Listed by Corcoran Horizon Realty