617 King Street
Waterloo, ON
- 16,000 sqft
- Commercial Retail
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. MANY USES ARE POSSIBLE HERE. EVERYTHING FROM HOTEL TO COMMERCIAL SCHOOL AND FUNERAL HOME (AND MANY IN-BETWEEN)
Listing Details
- Taxes (2025)
- $79,000
- Listed
- June 24, 2026
Price History
Listing history
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Property
- Lot Size
- 1.48 Acres
Parking
- Garage
- Outside/Surface
Location & Legal
- Cross Street
- NORTHFIELD DR E / KING ST N
- Zoning
- C5-81
- Parcel Number
- 222810321
- Possession
- Other
- 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
- 22
- 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.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 16,000 sq ft
- Price per sq ft
- $312.47
- 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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