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Building and LandMLS® 40852371

1020 King Street E, Kitchener ON N2G 2M9

Downtown/Rockway/S. Ward, Kitchener, N2G 2M9

$999,900

Building and LandType
70Days on market

The home

About this property

MODERN COMMERCIAL SPACE WITH DUAL INCOME STREAMS! Positioned along the rapidly evolving King Street East corridor, just minutes from Downtown Kitchener, this beautifully restored commercial property presents a rare opportunity to own a move-in-ready investment in one of the city's most active growth areas. Extensively renovated throughout, the building blends timeless character with contemporary design, showcasing exposed brick, rich hardwood flooring, and an open-concept layout designed to inspire collaboration and productivity. The main floor is currently configured as a stylish professional office, complete with a private boardroom, making it ideal for a wide range of business uses. Upstairs, a fully tenanted two-bedroom residential apartment provides reliable income, currently rented for $1,550 per month inclusive of utilities. An additional revenue stream comes from the prominent exterior billboard, leased to Pattison Signs, generating approximately $4,800 annually. Designed with flexibility in mind, the property features separate mechanical systems, including two furnaces, two air conditioners, and two hot water heaters, allowing for efficient operation of both the commercial and residential spaces. A full basement offers exceptional storage, while the newly paved parking area provides five on-site parking spaces, complemented by two municipal parking spaces directly in front of the building. With dual driveway access, including a private entrance and shared access from King Street—ingress and egress are both convenient and practical. Offering exceptional visibility, multiple income sources, and a polished, turnkey interior, this is a standout opportunity for investors, entrepreneurs, or owner-occupiers.

Specifications

Property details

Property type

Commercial Sale

Lot

35 x 100 ft

Taxes

$15,400 (annual)

Basement

Full

Days on market

70

What's included

Features and amenities

Lot

City LotHigh Traffic AreaHighway AccessPublic TransitVisual Exposure

Where it sits

Location

Pin placed at the coordinates supplied by the MLS® System.

Listed by Faisal Susiwala, RE/MAX TWIN CITY FAISAL SUSIWALA REALTY (the Cornerstone Association of REALTORS®).

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Presented by Rebecca Dorey, Sales Representative, RE/MAX Solid Gold Realty (II) Ltd., Brokerage. Each office independently owned and operated.

1020 King Street E, Kitchener ON N2G 2M9, Kitchener | Rebecca Dorey