85 KING Street
Kitchener, Ontario
2,400 sqft • Other
An outstanding opportunity to own a mixed-use building in downtown Kitchener, offering both immediate income and future potential. The property features a thriving main-floor restaurant along with two residential units above, creating a desirable blend of commercial and residential use. The main level includes a fully functional take-out restaurant with kitchen, two washrooms, and access to a spacious basement with storage and a walk-in cooler. The upper floors offer two self-contained apartments: one one-bedroom unit and one one-bedroom plus den with a cap rate of 6% based on asking price. Ideally located on King Street West, within walking distance to Google, the ION LRT, transit hub, City Hall, and everyday amenities, this property is well-positioned for investors seeking stable returns in a growing urban core.
Price History
Schools
Elementary
- Suddaby Public School0.6 km
Public · Waterloo Region DSB · 505 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 58% met the provincial standard
- Courtland Avenue Public School0.8 km
Public · Waterloo Region DSB · 270 students
- Margaret Avenue Public School1 km
Public · Waterloo Region DSB · 310 students
Secondary
- Cameron Heights Collegiate Institute0.9 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% met the provincial standard
- Kitchener Waterloo Collegiate and Vocational School1.7 km
Public · Waterloo Region DSB · 1650 students
Grade 10 literacy: 88% met the provincial standard
- Eastwood Collegiate Institute2.6 km
Public · Waterloo Region DSB · 1270 students
Grade 10 literacy: 84% 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
- 1,924
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,924 recorded sales of other properties in Kitchener over the last 12 months.
Location
Mortgage Calculator
$209,960
Estimated Monthly Payment
$5,157
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,157/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $262/mo
Estimates only. Consult a financial advisor.
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