Address
277 Lancaster Street W, Kitchener, ON
Price
$ 2,500,000
Property Attributes
- ID#40836630
- TypeCommercial
- Listing Status Active
- MunicipalityKitchener
- CityKitchener
- AreaKitchener
- Neighbourhood212 - Downtown Kitchener/East Ward
- Postal CodeN2H 4V2
- Style
- Price$ 2,500,000
- Bedrooms0
- Bathrooms0
- Half Bathrooms0
- Sqr Footage9009
Data Source:
Canadian Real Estate Association (CREA)
Property Description
Rare opportunity to acquire a fully renovated multi-unit commercial building combined with established retail businesses in a high-demand location. Priced at $2.5M, this property offers strong income, excellent visibility, and outstanding future growth potential. This impressive 3,691 sq. ft. commercial building features four units, including a profitable convenience store, vape store, independent office space, and additional retail/commercial units. Zoned C2, the property permits a wide variety of commercial uses, making it ideal for investors or owner-occupiers seeking flexibility and long-term value. The building has undergone extensive upgrades, including a newer decorative stucco exterior, recently repaired roof, and complete interior renovations. Additional features include five hydro meters, two heating/cooling systems, and 12 dedicated parking spaces, plus abundant street parking nearby. Located within a large, established residential neighborhood and just minutes from major highways, the property benefits from strong traffic exposure and a growing customer base. Two units are currently occupied by the owner and can be continued as retail operations, offices, personal service businesses, or adapted to suit a purchaser's needs. Key Features: • 3,691 sq. ft. commercial building • Four commercial units • Established convenience store and vape business • Independent office unit • C2 zoning allowing multiple commercial uses • 12 on-site parking spaces • Five hydro mete (id:7434)
General Features
| Community Features | High Traffic Area |
|---|---|
| Property Type | Retail |
| Zoning Description | C2 |
| Amenities | Public Transit |
| Building Type | Retail |
| Ownership Type | Freehold |
| Building.StoriesTotal | 1 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Basement Type | Full |
| Living Area Range | 9009 |
Exterior Features
| Land Amenities | Public Transit |
|---|---|
| Sewer | Municipal sewage system |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in N2H 4V2
Price
