For Sale

137 King Street, Kitchener, Ontario N2G 2K8

$3,400,000

137 King Street, Kitchener, Ontario N2G 2K8 is For Sale and has a listing price of 3,400,000. The property is located in the Kitchener . It's been on the website for 32 Days.

  • Investment
    Property Type
  • MLS ID: X12443239
  • Office Name AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES, LP
Property Description

Located in the heart of Kitchener-Waterloo, 137 King Street presents a rare investment opportunity that blends historic charm with modern potential. Ideally situated and already significantly developed, this property is perfectly positioned for an investor ready to bring a distinctive vision to life with minimal hurdles. Much of the heavy lifting has already been done, allowing the next owner to focus on final finishes and interior design. The second and third floors house 12 loft-style residential units, offering soaring ceilings and spacious layouts across a total of 10,471 sq ft. These units are framed, nearly ready for drywall, and feature plumbing rough-ins close to completion-saving time and reducing development costs. The ground floor adds another layer of value, featuring three commercial units totaling 5,285 sq ft. These spaces offer strong leasing potential, making the building well-suited for a mixed-use strategy that appeals to both residents and businesses. With 18 dedicated parking spaces-and potential to secure more nearby-the property delivers the accessibility needed for modern urban tenants. Altogether, 137 King Street offers a compelling blend of character, functionality, and income-generating potential in one of the region’s most dynamic urban cores.

Property Details
  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: X12443239
  • Price: $3,400,000
  • Year Built: 0
  • Lot Area: 0 Sqft
  • Lot Depth: N/A
  • Ref ID: X12443239
  • Dir / Cross St: King St & Benton St - access from King St E
  • Status: Active
  • Tax Year: 2025
  • Property Type: Investment
Price History
List Date MLS ID List Price Status End Date Closed Price
10/03/2025 X12443239 $3,400,000 For Sale - -
03/12/2025 X12013845 $3,700,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Kitchener
  • $967,433 Average List Price
    based on 1 year
  • 210 New Listings
    based on 30 days
  • 45 Median Days on Market
    based on 1 year
  • List vs. Selling Price 158.4 % Up
  • Sold (12mo) 1,246
  • Rented (12mo) 538

  • 1 Month Change -100.0%
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
  • 99 Walk Score
    Walker's Paradise
  • 66 Transit Score
    Good Transit
  • 92 Bike Score
    Biker's Paradise
Property Type Distribution
  • All Houses
    54.85%
  • Commercial
    3.19%
  • Condo
    41.89%
  • Land for Sale
    0.07%
Additional Details
  • Heat Type Y
  • Garage Type Outside/surface
  • Parking Spaces: 18
  • Taxes: $22,121
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flexible
  • Listing Entry Date: 03/10/2025 16:27:23
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