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Royal LePage
Royal LePage
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$9,999,000

Kitchener ON, N2G 1G1

MLS® # X12469416

Property Information:

Rare offering in the heart of Kitchener! 824 King Street West is a 35-unit, four-story residential building currently undergoing a complete transformation. Featuring 27 one-bedroom and 8 two-bedroom units, this prime asset offers investors the chance to step in mid-renovation and customize the final finishes. All units are being upgraded with brand new windows, modern kitchens and bathrooms, new appliances, stylish fixtures, in-suite laundry, individual heat pumps, and contemporary flooring throughout. This 26,000 sq ft building sits on just under an acre of high-demand land, offering 72 outdoor parking spacesa true competitive advantage downtown. Building upgrades include new electrical systems (36 individual panels + 8 mains), new main drains and unit main plumbing lines have been run to each unit, vents, new rooftop make-up air units for energy efficiency, and a state-of-the-art fire alarm system. Major infrastructure work has already been invested. Situated between Uptown Waterloo and Downtown Kitchener, this unbeatable location places residents steps from Grand River Hospital, the ION Light Rail, Kitchener GO Station, and top employers like Google, Communitech, Oracle NetSuite, and the University of Waterloo Health Sciences Campus. Residents will also love the Iron Horse Trail connection to Victoria Park and Waterloo Park. With land scarcity and luxury high-rises reshaping the downtown core, 824 King Street West is positioned for tremendous appreciation. This is your chance to own a major asset in one of Canada's fastest-growing innovation corridors. Take advantage of this high-demand, high-growth opportunity! (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Air Conditioning: Yes
  • Amenities: Separate Heating Controls
  • Basement Development: Partially finished
  • Basement Type: Full
  • Exterior Finish: Brick, Wood
  • Floor Space: 5000 - 100000 sqft
  • Heating Type: Heat Pump, Not known
  • Heating Fuel: Electric, Other

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 43
  • Bathrooms: 35
  • Floor Space (approx): 5000 - 100000 Square Feet
  • Irregular: Yes
  • Lot Depth: 433.8 Feet
  • Lot Frontage: 90.2 Feet
  • Lot Size: 90.2 x 433.8 FT
  • Zoning: C3
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 72

Courtesy of: REAL BROKER ONTARIO LTD.

REALTOR.ca  

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Location of 824 KING STREET W, Kitchener, Ontario, N2G 1G1

Demographic Information of 824 KING STREET W, Kitchener, Ontario, N2G 1G1

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$133,062.50

Average Number of Children

1.53

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.9 %

High school certificate or equivalent

20.19 %

Apprenticeship trade certificate/diploma

2.71 %

College/non-university certificate

17.82 %

University certificate (below bachelor)

1.54 %

University Degree

47.84 %

Commuter

Travel To Work

By Car

67.65 %

By Public Transit

10.89 %

By Walking

12.33 %

By Bicycle

3.96 %

By Other Methods

5.17 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

73.01 %

Houses

26.99 %

Own Vs. Rent

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