
40 LANCASTER Street
Kitchener, Ontario
8,500 sqft • Other
Perfectly-located M2 Zoning commercial property on highly visible Lancaster St W, one of Kitchener’s key arterial corridors connecting Downtown Kitchener, Bridgeport, and surrounding commercial districts. This multi-tenant commercial building has historically supported showroom, retail, service, and light industrial uses, offering excellent flexibility for a wide range of business operations. The property features strong street presence, excellent exposure, and consistent traffic flow, making it an ideal candidate for automotive-related uses, including car dealerships, specialty auto sales and could fit 60-70 veihicles total, or showroom-based businesses. The site configuration and frontage lend themselves well to vehicle display, customer parking, and easy ingress/egress, a rare combination along a corridor of this calibre. With two drive in doors and multiple man doors, the building offers adaptable interior layouts suitable for showroom space, offices, and back-of-house operations. The surrounding area is a well-established commercial node with ongoing reinvestment and redevelopment activity, enhancing long-term value and exposure. Ideal for owner-users, investors, or automotive operators seeking a prime location with high visibility, flexible usage potential, and proximity to major transportation routes. Opportunities of this nature along Lancaster Street West are increasingly scarce. Seller is willing to accommodate buyers renovation requirements to suit their business needs.
Price History
Schools
Elementary
- Margaret Avenue Public School0.6 km
Public · Waterloo Region DSB · 310 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
- St Teresa Catholic Elementary School0.9 km
Catholic · Waterloo CDSB · 355 students
Grade 3 reading: 72% met the provincial standard · Grade 6 math: 45% met the provincial standard
Secondary
- Cameron Heights Collegiate Institute1.7 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% met the provincial standard
- Rosemount - U Turn School2 km
Public · Waterloo Region DSB
- Kitchener Waterloo Collegiate and Vocational School2.2 km
Public · Waterloo Region DSB · 1650 students
Grade 10 literacy: 88% 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 N2H
- Population
- 22,456
- Private dwellings
- 11,453
- Median age
- 38.4
- Average household size
- 2.1
- Median household income
- $73,500
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
- 1,928
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,928 recorded sales of other properties in Kitchener over the last 12 months.
Location
Street View
Mortgage Calculator
$0
Estimated Monthly Payment
$0
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $0/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $0/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?