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$ 1,399,000
Est. payment /mo
Price Dropped by $76K
53 QUEEN Street S Kitchener, ON N2G1V8
6,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 6,500 sqft
Price per Sqft $215
Subdivision 311 - Downtown/Rockway/S. Ward
MLS® Listing ID 40768063
Property Sub-Type Freehold
Source Cornerstone Association of REALTORS®
Property Description
DEVELOPMENT POTENTIAL – DOWNTOWN KITCHENER. Exceptional opportunity located in the heart of downtown Kitchener at the corner of Queen Street South and Charles Street East. This property offers SGA-2 zoning, providing significant development potential in one of Kitchener's most dynamic growth areas. Located in close proximity to City Hall, Conestoga College's Downtown Campus, the courthouse, Museum, and numerous shops, restaurants, and amenities and directly across from the LRT line, this site offers unmatched visibility and accessibility. The main floor of the building is currently leased to a stable commercial tenant, while the upper level contains two self contained 4-bedroom apartments—each with a dedicated exterior stairwell and no lodging license required. This property is ideally suited for builders, developers, or investors looking to capitalize on downtown Kitchener's rapid urban growth. With immediate revenue potential and remarkable development upside, this is a premier investment opportunity in one of Ontario's most dynamic urban centers. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
Community Features High Traffic Area
View Y/N No
Total Parking Spaces 3
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by KELLER WILLIAMS INNOVATION REALTY