2149 KINGSWAY Drive
Kitchener, Ontario
3,900 sqft • Other
Location, Location, Location. This commercial property offers exceptional diversity for the astute developer or investor. Zoned as Comm-2 the property allows multi-residential dwelling units on the upper floors and commercial retail units on the main floor. This is just one of the development options. The property presently has 5 units all within the highly rentable 700-1000 sq. foot size. Three units have tenants (2 are month to month, 1 has two yrs remaining on their lease) and the other two units are vacant. The ROI can be substantially increased as the rents are presently below market rate. Located in South Kitchener this area is growing rapidly and the visibility and accessibility of this property is exceptional. Major thoroughfares, including Highway 8 and the 401 as well as the proximity of the LRT and transit ensure a seamless connectivity for business and costumers alike. This property is exactly what developers and investors are seeking, a strategic position with excellent development and ROI potential. Added bonus the adjacent property is also listed [MLS #40806046] , combine both properties and create something very unique at this location.
Price History
Schools
Elementary
- Sunnyside Public School0.3 km
Public · Waterloo Region DSB · 310 students
- Wilson Avenue Public School0.8 km
Public · Waterloo Region DSB · 515 students
Grade 3 reading: 60% met the provincial standard · Grade 6 math: 46% met the provincial standard
- St Aloysius Catholic Elementary School0.8 km
Catholic · Waterloo CDSB · 550 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 30% met the provincial standard
Secondary
- Eastwood Collegiate Institute0.9 km
Public · Waterloo Region DSB · 1270 students
Grade 10 literacy: 84% met the provincial standard
- St Mary's High School2.1 km
Catholic · Waterloo CDSB · 2240 students
Grade 10 literacy: 94% met the provincial standard
- Cameron Heights Collegiate Institute2.7 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% 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 N2C
- Population
- 17,681
- Private dwellings
- 7,494
- Median age
- 36.8
- Average household size
- 2.4
- Median household income
- $70,000
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
Retail in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,927
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,927 recorded sales of retail properties in Kitchener over the last 12 months.
Location
Mortgage Calculator
$330,000
Estimated Monthly Payment
$8,106
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $8,106/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $413/mo
Estimates only. Consult a financial advisor.
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