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612 KING Street

612 KING Street

Kitchener, Ontario

2,500 sqft • Other

$999,000

MOTIVATED SELLER - Rare Opportunity in Kitchener’s SGA-2 Zone – Prime Redevelopment or Investment Property! Location, Location, Location! An unmatched opportunity awaits investors and developers in the heart of Kitchener’s high-growth Strategic Growth Area (SGA-2). This mixed-use commercial property sits on a high-exposure main street with generous zoning and exceptional redevelopment potential. Property Highlights: Over $400,000 in recent upgrades and improvements Operating Bar & Lounge with established clientele and income stream Updated 2-bedroom apartment above for added rental income Ample on-site parking and excellent street visibility Functional layout ideal for retail, hospitality, or professional use Zoned SGA-2 – allows for mixed-use, mid-rise development up to 8 storeys Strategic Growth Area A designation in the City of Kitchener Official Plan Located within a Major Transit Station Area (MTSA) – ideal for future urban intensification Zoning Benefits (SGA-2): Permits a wide range of commercial and residential uses Encourages mid-rise and mixed-use developments Supports transit-oriented growth in one of Kitchener’s most promising corridors Investment Potential: With significant capital improvements already completed and multiple income streams in place, this property offers strong holding income and excellent long-term upside. Whether you plan to redevelop, reposition, or land bank, this is a rare opportunity to secure a property in a prime growth node. Seller is motivated — bring a reasonable offer! Property being sold as is where is Don’t miss this rare opportunity to own a key property in one of Kitchener’s fastest-growing and most strategically located zones. Contact us today to learn more or arrange a private viewing.

Price History

Schools

Secondary

  • Cameron Heights Collegiate Institute0.2 km

    Public · Waterloo Region DSB · 1765 students

    Grade 10 literacy: 90% met the provincial standard

  • Eastwood Collegiate Institute1.6 km

    Public · Waterloo Region DSB · 1270 students

    Grade 10 literacy: 84% met the provincial standard

  • Rosemount - U Turn School2.5 km

    Public · Waterloo Region DSB

Elementary

  • Sheppard Public School0.6 km

    Public · Waterloo Region DSB · 365 students

    Grade 3 reading: 82% met the provincial standard · Grade 6 math: 60% met the provincial standard

  • Courtland Avenue Public School0.8 km

    Public · Waterloo Region DSB · 270 students

  • Suddaby Public School0.8 km

    Public · Waterloo Region DSB · 505 students

    Grade 3 reading: 67% met the provincial standard · Grade 6 math: 58% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area N2G

Population
14,580
Private dwellings
8,284
Median age
38
Average household size
1.8
Median household income
$62,400

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Other in Kitchener · last 12 months

Median sold price
$665,000
Homes sold
1,929
Median days on market
20
Sale-to-list price
101.0%

Based on 1,929 recorded sales of other properties in Kitchener over the last 12 months.

Location

Street View

Mortgage Calculator

$199,800

Estimated Monthly Payment

$4,908

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $4,908/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $250/mo

Estimates only. Consult a financial advisor.

R

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