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Sold ConditionalBuilding and LandMLS® 40855845

5 Paulander Drive, Kitchener ON N2M 5B6

Victoria Hills, Kitchener, N2M 5B6

$1,700,000

1990Year built
Building and LandType
53Days on market

The home

About this property

Excellent industrial investment and development opportunity in Kitchener, ideally situated near the Kitchener-Waterloo border with convenient access to both cities. The property features approximately 6,530 sq. ft. of existing industrial and office space, configured as four individual units of approximately 1,630 sq. ft. each. Each unit is arranged over two levels and offers a practical combination of approximately 815 sq. ft. of office space and 815 sq. ft. of light industrial/warehouse space, providing flexibility for a wide range of businesses and tenants. All four units feature their own drive-in door along with two washrooms—one serving the office area and a second within the warehouse space. The property offers an attractive opportunity for an investor looking for established rental income, an owner/user wanting to operate their business while benefiting from income generated by the remaining units, or a buyer looking for future expansion potential. The building has been well maintained, with a newer tar-and-gravel roof and most HVAC units replaced as required over time. Zoning attached, this is a versatile industrial property offering existing income and functional space in an excellent Kitchener-Waterloo location.

Specifications

Property details

Property type

Commercial Sale

Lot

189.43 x 111.63 Square Feet

Taxes

$22,631 (annual)

Basement

Full

Days on market

53

What's included

Features and amenities

Lot

None

Where it sits

Location

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

Listed by Amy Banton, RE/MAX TWIN CITY REALTY INC. (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.