976 King Street W Kitchener, Ontario N2G 1G4
$1,275,000
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:41954)
Property Details
| MLS® Number | 40691796 |
| Property Type | Other |
| Amenities Near By | Public Transit |
| Equipment Type | Water Heater |
| Features | Southern Exposure, Visual Exposure, Industrial Mall/subdivision |
| Rental Equipment Type | Water Heater |
Building
| Basement Type | Full |
| Stories Total | 2 |
| Size Exterior | 1665.9900 |
| Size Interior | 1665.99 Sqft |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access, Highway Access, Rail Access |
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 124 Ft |
| Size Frontage | 38 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | U2-20 |
https://www.realtor.ca/real-estate/27822363/976-king-street-w-kitchener
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January 29 2025 02:34:04
Kitchener-Waterloo Association of REALTORS®
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