
1020 KING Street
Kitchener, Ontario
1,623 sqft • Other
MODERN COMMERCIAL SPACE WITH DUAL INCOME STREAMS! Positioned along the rapidly evolving King Street East corridor, just minutes from Downtown Kitchener, this beautifully restored commercial property presents a rare opportunity to own a move-in-ready investment in one of the city's most active growth areas. Extensively renovated throughout, the building blends timeless character with contemporary design, showcasing exposed brick, rich hardwood flooring, and an open-concept layout designed to inspire collaboration and productivity. The main floor is currently configured as a stylish professional office, complete with a private boardroom, making it ideal for a wide range of business uses. Upstairs, a fully tenanted two-bedroom residential apartment provides reliable income, currently rented for $1,550 per month inclusive of utilities. An additional revenue stream comes from the prominent exterior billboard, leased to Pattison Signs, generating approximately $4,800 annually. Designed with flexibility in mind, the property features separate mechanical systems, including two furnaces, two air conditioners, and two hot water heaters, allowing for efficient operation of both the commercial and residential spaces. A full basement offers exceptional storage, while the newly paved parking area provides five on-site parking spaces, complemented by two municipal parking spaces directly in front of the building. With dual driveway access, including a private entrance and shared access from King Street—ingress and egress are both convenient and practical. Offering exceptional visibility, multiple income sources, and a polished, turnkey interior, this is a standout opportunity for investors, entrepreneurs, or owner-occupiers.
Price History
Property
- Lot Size
- 0.08 acres
Schools
Elementary
- Sheppard Public School0.5 km
Public · Waterloo Region DSB · 365 students
Grade 3 reading: 82% met the provincial standard · Grade 6 math: 60% met the provincial standard
- St Anne Catholic Elementary School1 km
Catholic · Waterloo CDSB · 750 students
Grade 3 reading: 68% met the provincial standard · Grade 6 math: 45% met the provincial standard
- Courtland Avenue Public School1.3 km
Public · Waterloo Region DSB · 270 students
Secondary
- Cameron Heights Collegiate Institute0.8 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% met the provincial standard
- Eastwood Collegiate Institute1 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
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
$220,000
Estimated Monthly Payment
$5,404
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,404/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $275/mo
Estimates only. Consult a financial advisor.
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