2191 Kingsway Drive in South Kitchener offers the astute investor/developer a prime location to develop a multi residential complex that can also encompass retail on the ground floor. With just over 1/2 acre of land there is ample space to build. Its proximity to the 401 and Hwy 8, the LRT and a growing demographic makes this commercial property a long term value purchase. The corner lot provides excellent exposure and with the adjacent property also being for sale [MLS # 40794181] offers an opportunity to develop something unique. Topping everything off the COMM-2 zoning fits nicely within the city's future development plans for South Kitchener. There is a building on the premises that has a tenant but the lease expires in Oct 2026. (id:4555)
PROPERTY SPECS
Price $1,999,999
City Kitchener, Ontario
Address 2191 KINGSWAY Drive
Listing ID 40806046
Square Footage 1200
Construction Concrete block, Concrete Walls
Type Industrial/Commercial
Status For Sale
EXTENDED FEATURES
SubtypeOtherCommunity FeaturesHigh Traffic AreaFeaturesPaved drivewayOwnershipFreeholdBasementNoneSewerMunicipal sewage system