150 VICTORIA STREET N, Kitchener

$1,399,000

For sale: Other

Other at 150 VICTORIA STREET N, Kitchener
Property type
Commercial Retail
MLS®
MLS® X13004090

Grossing over $112,000/Year. Welcome to 150 Victoria Street N, Kitchener - an exceptional opportunity to secure a high-exposure commercialproperty in one of the city's most dynamic and rapidly growing areas. The property is located at a corner of a traffic light with large windows,excellent natural light and visibility as well as just 4 minutes drive to HWY 85. Perfectly positioned in a high-traffic location with strong pedestrianflow, this property is just steps from the VIA Rail Station (GO Transit), Google Headquarters, and Kitchener's vibrant downtown core, surroundedby an abundance of amenities. This versatile two-storey building offers incredible flexibility for both investors and business owners. The mainlevel is currently configured as office space but can easily accommodate a wide range of commercial uses. The upper level features four spaciousoffice rooms, a large common lounge area, a kitchenette, one full washroom, and an additional powder room-ideal for professional oradministrative operations. Zoned SGA-3, this property allows for a wide variety of permitted uses, making it a prime candidate for entrepreneurslooking to establish or expand their business. For developers and investors, the site also presents future redevelopment potential, with zoningpermitting a building height of up to 24 metres. Adding to its appeal, the property includes ample on-site parking-an invaluable asset in thedowntown core-and offers strong income potential, with estimated rental returns between $8,000-$10,000 per month. Whether you're lookingto invest, develop, or operate your business in a thriving urban hub, this is a rare opportunity you won't want to miss.

Sold data

Homes in Kitchener — recent sold market

Homes in Kitchener took a median of 22 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 38, across 504 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 36 days.

The median sale price was $649,000.

Homes sold for about 1.3% below asking on average, so there was room to negotiate.

About 37% of sales closed above the list price.

Around 17% of sellers reduced their price before finding a buyer.

Median days to sell
22
Median sale price
$649,000
Sale-to-list ratio
98.7%
Sold above asking
37%

Based on 504 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Kitchener

Kitchener has 66 Fraser Institute–rated schools (57 elementary and 9 secondary), averaging 5.8/10.

Rated schools
66
Elementary
57
Secondary
9
Average rating
5.8 / 10

Top-rated schools in Kitchener

  • David Saint-Jacques — secondaryFraser rating 8.4/10
  • St. Josephine Bakhita — elementaryFraser rating 7.9/10
  • J W Gerth — elementaryFraser rating 7.7/10
  • Pope John Paul II — elementaryFraser rating 7.6/10
  • St Teresa — elementaryFraser rating 7.6/10
  • Cameron Heights — secondaryFraser rating 7.5/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 150 VICTORIA STREET N