3188 King Street E, Kitchener, ON N2A 1B3

Description

3188 King St E presents a rare mixed-use opportunity in Kitchener's established east end, offering excellent King Street exposure, strong visibility, and convenient access to Highway 8, Fairway Road, Sportsworld, Cambridge, and the broader Waterloo Region. Situated on approximately 0.209 acres, this 1,957 sq. ft. property features three main-floor commercial units and a second-floor 4-bedroom apartment, providing a versatile combination of commercial and residential income. The residential unit currently generates $3,250/month in rental income, while Commercial Unit 1 is leased at $1,850/month. The remaining two commercial units will be delivered vacant on closing, providing flexibility for an owner-user, new tenants, or additional leasing opportunities. The property also benefits from a new 2-ton HVAC unit, 11+ parking spaces, and a prominent pylon sign for enhanced street visibility. Zoned COM-2, the property accommodates a broad range of permitted commercial uses, including retail, office, health clinic, pet services, auto sales, and more. Its strategic location near major arterial routes, transit, established commercial areas, and ongoing east Kitchener development further enhances its appeal. With existing rental income, flexible commercial space, ample parking, and strong exposure, 3188 King St E offers an exceptional opportunity for investors and owner-users alike.