85 King Street Kitchener, Ontario

An outstanding opportunity to own a mixed-use building in downtown Kitchener, offering both immediate income and future potential. The property features a thriving main-floor restaurant along with two residential units above, creating a desirable blend of commercial and residential use. The main level includes a fully functional take-out restaurant with kitchen, two washrooms, and access to a spacious basement with storage and a walk-in cooler. The upper floors offer two self-contained apartments: one one-bedroom unit and one one-bedroom plus den with a cap rate of 6% based on asking price. Ideally located on King Street West, within walking distance to Google, the ION LRT, transit hub, City Hall, and everyday amenities, this property is well-positioned for investors seeking stable returns in a growing urban core. (id:4555)