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617 King Street N, Waterloo, ON, N2V 2N3

MLS® # 40782029
Commercial For Sale In Conestoga, Waterloo, Ontario
$5,999,990
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
617 King Street N, Waterloo, ON
  • Advertising
617 King Street N, Waterloo, ON, N2V 2N3
$5,999,990

Property Information:

VTB possible. Beautiful Banquet Hall approx. 15,500 sf building sitting on Approx. 1.50 acres with 4 halls (no kitchen/restaurant, but space available to add). Banquet Hall fully renovated last year. 75+ parking spaces. Banquet hall rooms renting on daily base and upcoming bookings already reserved. Site an also be looked at as a redevelopment as it’s located in one of the most vibrant nodes of the region. Prime location with very large frontage on the main road and 3 entrances from main road. Large residential unit on second floor with separate entrance (can easily become 3 res units), 5 rooms, 2.5 bathrooms and kitchen with large dinning/lounge area. 1KM from highway 85. Located 500m down the street form Conestoga Mall and surrounded by all major retailers, hotels and big-box stores. VTB available up to 70% with flexible open terms. C5-81 Zoning allows most all retail uses if the current use is not of use to you. Current owner is retiring. MANY USES ARE POSSIBLE HERE. EVERYTHING FROM HOTEL TO COMMERCIAL SCHOOL AND FUNERAL HOME (AND MANY IN-BETWEEN)

Building Features:

  • Floor Space: 16000 Square Feet

Property Features:

  • Bedrooms: 0
  • Acres Range:
  • Basement: None
  • Floor Space (approx): 16000 Square Feet
  • Lot Depth: 295.85 Feet
  • Lot Features: Airport, Business Centre, High Traffic Area, Hospital, Major Anchor, Public Transit
  • Lot Frontage: 224.34 Feet
  • Water Source: Municipal
  • Zoning: C5-81
  • Sewer: Sewer (Municipal)

Courtesy of: RE/MAX TWIN CITY REALTY INC. BROKERAGE-2

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

Location of 617 King Street N, Waterloo, ON, N2V 2N3

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

51/100

Moderate

ClimateCheck®

Current data

This property, 617 King Street N, experiences 7 hot days per year at around 30.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.1 degrees Celsius.

Projected Avg. Temperature

Past
30.6℃
2050
34.1℃

# Hot Days Per Year

Past
7
2050
34

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 617 King Street N, experiences 11 significant 2-day storms per year, with about 317.3mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 392.3mm of precipitation per year.

Precipitation Per Storm

Past
317.3mm
2050
392.3mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 617 King Street N, Waterloo, ON, N2V 2N3

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$124,648.85

Average Number of Children

1.68

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.06 %

High school certificate or equivalent

29.35 %

Apprenticeship trade certificate/diploma

3.35 %

College/non-university certificate

17.92 %

University certificate (below bachelor)

1.89 %

University Degree

31.44 %

Commuter

Travel To Work

By Car

82.36 %

By Public Transit

7.42 %

By Walking

8.27 %

By Bicycle

1.0 %

By Other Methods

0.95 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

75.02 %

Houses

24.98 %

Own Vs. Rent