41 King St W

Kitchener | | N2G 1A1
  • 12988.0 sqft
  • 0 gar

$1

Est. Mtg $0 /mo
  • Days on market

    7

  • Status

    A

Listing Broker Whitney & Company Realty Limited, Brokerage
Since listed: 0 views

Home details

MLS #:

X10426004

Property type:
Investment
Style:
Taxes:
$60,125
Possession:
60-89 days
Condo Fee:
Lot Size:
25.14 X 159.12
Zoning:
D1
Use:
Heat:
Gas Forced Air Closd

Description


41 King St W, , Kitchener, Ontario is a Investment property in Kitchener and in the community in the N2G 1A1 postal code


Fully Leased, historic Income producing property located in the heart of Downtown Kitchener. Built in 1908, spanning 4 floors this multi Tenant property has been fully improved. All mechanical, electrical, fire rating, windows, roof and life safety systems have been modernized. The building is anchored by Maxon, a division of Nemetschek Group. A German based software vendor with a market capitalization of over $14B and yearly revenue over $1.1B. Maxon specializes in 3D modelling, animation and rendering software. They have invested heavily in the building with their Tenant improvements. The main floor retail Tenant Tamasha Resto Bar is a successful operation that exists in Toronto. They have a track record being professional operators and have created a unique experience combining Indian Fusion with entertainment. The NOI as of March 2025 is $241,441.00. Current Lease expiries are Dec 31, 2028 for the Anchor Tenant Maxon and Aug 31, 2029 for Tamasha Resto Bar..

Extras

**Interboard listing: Cornerstone - Waterloo Region**.



Payment calculator

$5010 monthly. In association with: TD Bank
%
  • Principal and Interest
    0 /mo
  • Property Taxes
    $5010 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Gunpreet Kochar, Realtor

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