$1,275,000
Available - For Sale
Listing ID: X11932412
976 King St West , Kitchener, N2G 1G4, Ontario
| 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. |
| Price | $1,275,000 |
| Taxes: | $5969.56 |
| Tax Type: | Annual |
| Assessment: | $469000 |
| Assessment Year: | 2024 |
| Occupancy by: | Tenant |
| Address: | 976 King St West , Kitchener, N2G 1G4, Ontario |
| Postal Code: | N2G 1G4 |
| Province/State: | Ontario |
| Lot Size: | 38.00 x 124.00 (Feet) |
| Directions/Cross Streets: | Union Blvd/ Union St E |
| Category: | Multi-Use |
| Use: | Health & Beauty Related |
| Building Percentage: | Y |
| Total Area: | 0.11 |
| Total Area Code: | Acres |
| Retail Area: | 768 |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 100+ |
| Sprinklers: | N |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Y |
| Elevator Lift: | None |
| Water: | Municipal |
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| CORCORAN HORIZON REALTY |
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Ritu Anand
Broker
Dir:
647-287-4515
Bus:
905-454-1100
Fax:
905-277-0020
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At a Glance:
| Type: | Com - Commercial/Retail |
| Area: | Waterloo |
| Municipality: | Kitchener |
| Lot Size: | 38.00 x 124.00(Feet) |
| Approximate Age: | 100+ |
| Tax: | $5,969.56 |
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