Prime Investment Opportunity in Kitchener!Looking for a high-potential, cash-flowing property with room to grow? This is it!This turn-key 6-unit commercial building is ideally located just minutes from DowntownKitchener and major highways (Hwy 7, 8, and 401), making it a prime spot for a wide range of businesses.Each unit comes with its own office, washroom, furnace, separate entrance, and shipping/loading door offering convenience and flexibility for tenants.With only one unit on a long-term lease and five on month-to-month, theres a huge opportunity to raise rents to current market value or re-tenant strategically.Current tenants are month to month, ready to sign a new lease with a higher amount.Zoned M2 with exciting potential for rezoning and future development, this property is a rare find for investors and developers alike.Strong revenue, flexible leases, development up side this one checks all the boxes! Don't miss out. |
Price | $1,889,000 |
Taxes: | $13697.00 |
Tax Type: | Annual |
Occupancy: | Tenant |
Address: | 6 Hoffman Stre , Kitchener, N2M 3M4, Waterloo |
Postal Code: | N2M 3M4 |
Province/State: | Waterloo |
Legal Description: | Part Lot 9 Plan 870 As In 928385 |
Directions/Cross Streets: | Ottawa St S/ Hoffman St |
Washroom Type | No. of Pieces | Level |
Washroom Type 1 | 0 | |
Washroom Type 2 | 0 | |
Washroom Type 3 | 0 | |
Washroom Type 4 | 0 | |
Washroom Type 5 | 0 |
Category: | Multi-Unit |
Use: | Other |
Building Percentage: | T |
Total Area: | 9998.00 |
Total Area Code: | Square Feet |
Office/Appartment Area: | 1499 |
Office/Appartment Area Code: | Sq Ft |
Office/Appartment Area Code: | Sq Ft |
Retail Area Code: | % |
Financial Statement: | F |
Franchise: | F |
Expenses Actual/Estimated: | $Est |
Sprinklers: | No |
Washrooms: | 0 |
Rail: | N |
Clear Height Feet: | 0 |
Truck Level Shipping Doors #: | 8 |
Double Man Shipping Doors #: | 0 |
Drive-In Level Shipping Doors #: | 0 |
Grade Level Shipping Doors #: | 0 |
Heat Type: | Gas Forced Air Close |
Central Air Conditioning: | Yes |
Sewers: | Sanitary+Storm |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
RE/MAX MILLENNIUM REAL ESTATE |
|
Book Showing | Email a Friend |
Type: | Com - Industrial |
Area: | Waterloo |
Municipality: | Kitchener |
Neighbourhood: | Dufferin Grove |
Tax: | $13,697 |
Fireplace: | N |