Skip to main content
1020 KING Street

1020 KING Street

Kitchener, Ontario

1,623 sqft • Other

$1,100,000

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.

R

Reita | Assistant

Online

Reita said:

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?

Interested in this property?

By submitting this form you consent to REintel, operated by Direct Realty Ltd. (6992 Hwy 62, Belleville, ON K8N 0L7) contacting you to respond to your inquiry and send you relevant property listings, market updates, and real-estate information. You can withdraw your consent at any time using the unsubscribe link in every email, or by contacting us at the mailing address above.

Cookie Preferences