612 E King Street Kitchener, Ontario N2G 2M1
$939,900
Prime Development & Investment Opportunity | Strategic Growth Area (SGA-2) An unmatched, high-exposure investment and redevelopment opportunity awaits in one of Kitchener's fastest-growing transit corridors. Situated on a high-visibility main street within a designated Major Transit Station Area (MTSA), this mixed-use commercial property offers exceptional long-term upside, immediate holding income potential, and generous zoning allowances. Zoning & Redevelopment Highlights (SGA-2): Incredible Density: Zoned SGA-2 under the City of Kitchener Official Plan, allowing for high-density, mid-rise, mixed-use developments of up to 8 storeys. Transit-Oriented Node: Strategically positioned within an MTSA corridor, designed to support urban intensification and transit-supportive development. Versatile Permitted Uses: The flexible zoning permits a wide range of retail, commercial, residential, and professional services. Main Level: Features a functional commercial layout, previously operating as a Bar & Lounge, offering a turnkey footprint for hospitality, retail, or office use. Upper Level: A spacious, self-contained 2-bedroom residential apartment providing immediate rental income or owner-occupant flexibility. On-Site Amenities: Generous on-site parking with excellent street frontage, signage opportunities, and exceptional pedestrian/vehicular traffic counts. Property is being sold in As Is, Where-Is condition. Do not miss this rare opportunity to secure this. (id:43503)
Property Details
| MLS® Number | 40862749 |
| Property Type | Other |
| Amenities Near By | Hospital, Public Transit |
| Community Features | High Traffic Area |
| Features | Visual Exposure |
Building
| Basement Type | Partial |
| Stories Total | 2 |
| Size Exterior | 2500.0000 |
| Size Interior | 2,500 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Well |
Land
| Acreage | No |
| Land Amenities | Hospital, Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 140 Ft |
| Size Frontage | 43 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Sga2 |
https://www.realtor.ca/real-estate/30270471/612-e-king-street-kitchener
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