293 KING Street E

For Sale - $2,990,000.00

ID#: 25712061

Situated in the revitalized Market District of Kitchener, this newly constructed three-story, mixed-use development is a prime commercial and residential investment opportunity. The ground floor of the building offers a spacious 1,482 sq. ft. commercial space. The second and third floors consist of residential units, comprising four 394 sq. ft. bachelor units and two 701 sq. ft. one-bedroom units respectively. With occupancy slated for August 2023, this property is ideally located for easy access to a variety of local amenities including the Kitchener Market, restaurants, cafes, grocery stores, parks, and the LRT station, enhancing the appeal for prospective tenants. Tech sector employees from industry giants such as Google, Communitech, Apple, and OpenText will find the location particularly advantageous. The property showcases an exquisite architectural design featuring a striking exterior, vaulted ceilings on the third floor, and attractive interiors. The inclusion of numerous balconies and common areas further enhances the appeal. Due to the high standard of construction, no foreseeable capital expenses are expected in the short to mid-term, making this a compelling investment prospect. (id:42870)