617 King Street
Waterloo, ON
16,000 sqft • Commercial Retail • 305 days on market
VTB possible. Beautiful Banquet Hall approx. 15,500 sf building sitting on Approx. 1.50 acres with 4 halls (no kitchen/restaurant, but space available to add). Banquet Hall fully renovated last year. 75+ parking spaces. Banquet hall rooms renting on daily base and upcoming bookings already reserved. Site an also be looked at as a redevelopment as it's located in one of the most vibrant nodes of the region. Prime location with very large frontage on the main road and 3 entrances from main road. Large residential unit on second floor with separate entrance (can easily become 3 res units), 5 rooms, 2.5 bathrooms and kitchen with large dinning/lounge area. 1KM from highway 85. Located 500m down the street form Conestoga Mall and surrounded by all major retailers, hotels and big-box stores. VTB available up to 65% with flexible open terms. C5-81 Zoning allows most all retail uses if the current use is not of use to you. Current owner is retiring.
Listing Details
- Taxes (2025)
- $79,000
- Originally Listed
- $5,999,990
- Listed
- October 24, 2025
Price History
Listing history
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Property
- Lot Size
- 1.48 Acres
Location & Legal
- Cross Street
- COLBY DR
- Zoning
- C5-81
- Parcel Number
- 222810321
- Possession
- Other
Commercial
- Occupancy
- Owner
Community
Postal area N2V
- Population
- 19,428
- Private dwellings
- 6,360
- Median age
- 38
- Average household size
- 3.1
- Median household income
- $126,000
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
Commercial in Waterloo · last 12 months
- Median sold price
- $695,000
- Homes sold
- 1,031
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,031 recorded sales of commercial properties in Waterloo over the last 12 months.
Listed by
RE/MAX TWIN CITY REALTY INC.
Location
Commercial figures
- Building area
- 16,000 sq ft
- Price per sq ft
- $343.75
- Annual property tax
- $79,000
- Tax per sq ft
- $4.94
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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