612 KING STREET E, Kitchener
$939,900
For sale: Other
- Property type
- Commercial Retail
- MLS®
- MLS® X13776224
Prime Development & Investment Opportunity | Strategic Growth Area (SGA-2) An unmatched, high-exposure investment and redevelopment opportunity awaits in one of Kitchener's fastest-growing transit corridors. Situated on a high-visibility main street within a designated Major Transit Station Area (MTSA), this mixed-use commercial property offers exceptional long-term upside, immediate holding income potential, and generous zoning allowances. Zoning & Redevelopment Highlights (SGA-2): Incredible Density: Zoned SGA-2 under the City of Kitchener Official Plan, allowing for high density, mid-rise, mixed-use developments of up to 8 storeys. Transit-Oriented Node: Strategically positioned within an MTSA corridor, designed to support urban intensification and transit-supportive development. Versatile Permitted Uses: The flexible zoning permits a wide range of retail, commercial, residential, and professional services. Existing Infrastructure & Holding Income: Main Level: Features a functional commercial layout, previously operating as a Bar & Lounge, offering a turnkey footprint for hospitality, retail, or office use. Upper Level: A spacious, self-contained 2-bedroom residential apartment providing immediate rental income or owner-occupant flexibility. On-Site Amenities: Generous on-site parking with excellent street frontage, signage opportunities, and exceptional pedestrian/vehicular traffic counts. The Investment Strategy: With significant capital improvements already completed, this property is perfectly positioned for land banking, complete redevelopment to maximize density, or repositioning the commercial space to secure strong, long-term holding yields. Property is being sold in "As-Is, Where-Is" condition. Do not miss this rare opportunity to secure a key footprint in Kitchener's primary growth node.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 36 days.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 612 KING STREET E
$1,399,000
Other150 VICTORIA STREET N, Kitchener
$1,299,000
Other118 ALMA STREET, Rockwood, Guelph/Eramosa
$1,400,000
Other64 FRANCIS STREET N, Kitchener
$1,429,418
Other45 - 3092 MAVIS ROAD, Mavis-Erindale, Mississauga
$949,900
Other177 KING STREET E, Beasley, Hamilton
$1,049,900
Other360 - 362 BARTON STREET E, North End, Hamilton
$1,299,000
Other118 ALMA STREET, Rockwood, Guelph/Eramosa
$1,250,000
Other53 TOWN LINE, Orangeville, Orangeville