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2149-2161 KINGSWAY Drive, Kitchener, Ontario, N2C 1A1

MLS® # 40794181
new listing
Commercial For Sale In Vanier, Kitchener, Ontario
$1,650,000

None Beds

2149-2161 Kingsway Drive, Kitchener, ON
2149-2161 Kingsway Drive, Kitchener, ON
2149-2161 Kingsway Drive, Kitchener, ON
2149-2161 Kingsway Drive, Kitchener, ON
2149-2161 Kingsway Drive, Kitchener, ON
2149-2161 Kingsway Drive, Kitchener, ON
2149-2161 Kingsway Drive, Kitchener, ON
2149-2161 Kingsway Drive, Kitchener, ON
2149-2161 Kingsway Drive, Kitchener, ON
2149-2161 Kingsway Drive, Kitchener, ON
2149-2161 Kingsway Drive, Kitchener, ON
2149-2161 Kingsway Drive, Kitchener, ON
  • Advertising
2149-2161 KINGSWAY Drive, Kitchener, Ontario, N2C 1A1
$1,650,000

Property Information:

Location, Location, Location. This commercial property offers exceptional diversity for the astute developer or investor. Zoned as Comm-2 the property allows multi-residential dwelling units on the upper floors and commercial retail units on the main floor. This is just one of the development options. The property presently has 5 units all within the highly rentable 700-1000 sq. foot size. Three units have tenants (2 are month to month, 1 has two yrs remaining on their lease) and the other two units are vacant. The ROI can be substantially increased as the rents are presently below market rate. Located in South Kitchener this area is growing rapidly and the visibility and accessibility of this property is exceptional. Major thoroughfares, including Highway 8 and the 401 as well as the proximity of the LRT and transit ensure a seamless connectivity for business and costumers alike. This property is exactly what developers and investors are seeking, a strategic position with excellent development and ROI potential. (id:27)

Building Features:

  • Style: Retail
  • Basement Type: Full
  • Construction Material: Concrete block, Concrete Walls
  • Exterior Finish: Aluminum siding, Concrete
  • Floor Space: 3900 sqft
  • Foundation Type: Block

Property Features:

  • OwnershipType: Freehold
  • Property Type: Retail
  • Access Type: Road access, Highway access
  • Amenities Nearby: Airport, Hospital, Public Transit, Schools
  • Built in: 1914
  • Community Features: High Traffic Area
  • Features: Visual exposure, Paved driveway
  • Floor Space (approx): 3900 Square Feet
  • Lot Depth: 96 Feet
  • Lot Frontage: 88 Feet
  • Sign Type: Signband
  • Utility Type: Telephone - Available, Hydro - Available, Natural Gas - Available
  • Zoning: COM-2
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 10

Courtesy of: MCINTYRE REAL ESTATE SERVICES INC.

REALTOR.ca  

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Market Price Trends

All Properties

-3.72%

Price change (1 year)

30.1%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 2149-2161 KINGSWAY Drive, Kitchener, Ontario, N2C 1A1

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

52/100

Moderate

ClimateCheck®

Current data

This property, 2149-2161 KINGSWAY Drive , experiences 7 hot days per year at around 30.8 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 34.4 degrees Celsius.

Projected Avg. Temperature

Past
30.8℃
2050
34.4℃

# 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, 2149-2161 KINGSWAY Drive , experiences 11 significant 2-day storms per year, with about 319.7mm 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 396.8mm of precipitation per year.

Precipitation Per Storm

Past
319.7mm
2050
396.8mm

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.

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Demographic Information of 2149-2161 KINGSWAY Drive, Kitchener, Ontario, N2C 1A1

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$86,318.79

Average Number of Children

1.76

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.4 %

High school certificate or equivalent

30.75 %

Apprenticeship trade certificate/diploma

5.75 %

College/non-university certificate

20.03 %

University certificate (below bachelor)

2.19 %

University Degree

17.87 %

Commuter

Travel To Work

By Car

79.77 %

By Public Transit

14.0 %

By Walking

3.52 %

By Bicycle

0.4 %

By Other Methods

2.31 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

66.02 %

Houses

33.98 %

Own Vs. Rent

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