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216 King Street S., Waterloo

offered at: $2,285,000


Property Type: Multi- Family 

Secondary Type: Apartments

Zoning: U-2


Gross Building Area: 8,395 SF, 2 Floors 

Year Built/Year Renovated: 1928/2020 

Units: 5

property details

This is a 5-unit apartment building in the heart of Uptown Kitchener. The building has the potential to be expanded to a 20-36 unit building. The building can be built up to 6 storeys. You can hold and enjoy the positive cash flow from the property until you want to develop it, or you can hold and sell it to a developer as a key property for the assembly of the two adjacent properties.

The building has a 67-foot frontage on King St. S. and is located across from the Sun Life Building. The lot depth is 124.08 feet.

The building was recently renovated in 2020 and 2021. The apartments were renovated and the plumbing was updated. The building currently has 5 units with 11 bedrooms. The total floor area is 5,784 square feet.

This is a rare opportunity to own a property with development potential in a prime location.

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