41 King St W

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

Ask: $1 $3,500,000

Est. Mtg $11,867 /mo
  • Days on market

    142

  • Status

    A

Listing Broker Whitney & Company Realty Limited, Brokerage
Since listed: 1 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


7% Cap Rate - 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 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**.

Extras

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Payment calculator

$16878 monthly. In association with: TD Bank
%
  • Principal and Interest
    11867 /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

Rena Alessa, Realtor

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