745 King Street E, Kitchener, ON N2G 2M4

About this home

PRIME MIXED USE INVESTMENT OPPORTUNITY ON KING ST E. Enjoy unparalleled high exposure and high traffic visibility at this prime mixed-use corner property situated at the intersection of King Street East and Stirling Avenue. This robust investment property generates over $101,000 in gross annual revenue and offers a rare combination of strong cash flow today and exceptional future redevelopment potential. The main floor commercial space, anchored by a long-term tenant, encompasses approximately 2,166 sq. ft. and extends into a fully functional lower level with a convenient walkout to a second parking area. The commercial space was extensively renovated in 2019 and benefits from exceptional exposure along one of Kitchener's busiest corridors. For owner operators and investors alike, the commercial unit is available for vacant possession, creating a unique opportunity for end users seeking a highly visible location. Further enhancing the property's appeal are 2 separate parking lots, one accessed from King Street and the other from Stirling Avenue, providing ample parking for customers, staff, and residents. The commercial tenant currently pays utilities and property insurance, helping to keep landlord's operating costs remarkably low. The upper levels feature three residential apartments consisting of two 1-bedroom units and one 2-bedroom unit, providing stable income with significant upside potential upon future tenant turnover. Ideally located within walking distance to the ION LRT and positioned within Kitchener's growing downtown development corridor, this property offers investors the rare opportunity to secure both immediate cash flow and long-term land development potential. Opportunities that combine strong income, future redevelopment possibilities, and vacant possession of commercial space are seldom available in today's market. Incredible Investment Opportunity.

Home details

Days on market

Not reported

Property type

Commercial Retail

MLS® number

X13503226

Source status

Extension

Postal code

N2G 2M4

Building area (total)

4,166 sq ft

Lot depth

147.33 ft

Garage parking spaces

Not reported

Total parking spaces

Not reported

Occupancy

Tenant

Possession type

Flexible

Garage

None

Annual property tax

22080

Heating system

Other

Cooling

Yes

Utility services

Yes

MLS entry age (not confirmed DOM)

129 days

These details come from the listing source. Please confirm measurements and fees before making a decision.

Utilities and services

Reported utility services

Yes

Heating system

Other

Cooling

Yes

A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.

Rooms & virtual tours

Room-count details have not been supplied for this listing.

Ask the listing brokerage for floor plans and measured room layouts.

Listing dates & price record

Asking amount

$1,200,000

1. Jun 30, 2026

   Original MLS entry

   Entry into the source MLS system; distinct from days on market.

Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.

Estimate monthly costs

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Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Map and neighbourhood

Region / county

WATERLOO

Municipality

KITCHENER