161 Victoria St S Downtown Kitchener

Offered at 1,200,000

Square Feet 2,723

Zoning MU-1

MLS ID 40163541

The Story

Location, location location. This downtown gem is a rare opportunity to own a mixed-use commercial/residential property in the heart of one of Canada's fastest-growing cities. This once forgotten residential duplex has been completely redeveloped into a beautiful mixed-use building featuring commercial on the main and garden floor levels with a 2 level residential suite on the upper and loft floors. Everything in the redevelopment has been done properly with city oversight and professional contractors. This is the perfect opportunity for either a work/live setup, a small business the needs a mortgage helper upstairs, or a stand-alone investment. The opportunities with this place don't stop there though, as the other side of the street features some of the area's largest condo developments (one victoria condos, the glovebox and garment street condos as well as one hundred condos)! Whether you're looking for new customers close enough to walk or long-term appreciation as a large-scale development opportunity, this property checks all the boxes. This building currently features a health clinic on the main floor and a nail salon on the garden level. The residential suite is also leased. The health clinic can be purchased alongside the property or will vacate the space upon closing.

Walk / Transit Score 67 / 60

Property Dimensions 51 X 90

Property Taxes $3,341

Year Built 1915

The Neighbourhood

Downtown Kitchener

The Lifestyle

The heart of Kitchener is the Downtown core, conveniently located for the movers and shakers of the city. Downtown offers plenty of opportunities for the urban dwellers who want to be at the city’s centre, from brand new high rise construction to repurposing projects that convert old factories into trendy loft-style apartments. All the while, offering beautiful older style homes dating from the early to mid-1900s just a short walk from the downtown core. [...]

Neighbourhood Details & Data

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