227 LOUISA STREET
Kitchener, Ontario
MLS® X13875696
$1,325,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X13875696
- Bedrooms
- —
- Bathrooms
- 2
- Year built
- —
1 / 30Listing description
AUTO CAR & SALES DEALERSHIP FOR SALE! Excellent opportunity to own a UNIQUE MIXED-USE AUTOMOTIVE property in a central Kitchener location, just minutes from Highways 7, 8 and 401. Current uses include AUTOMOTIVE SALES, SERVICE, AUTOBODY AND REPAIRS, operating as a legal non-conforming use.
An excellent opportunity for an AUTOMOTIVE OPERATOR, OWNER-USER or INVESTOR seeking an established property with significant improvements and additional rental income. The property offers approximately 3,400 sqf. of Commercial/Shop space plus an approximately 1,200 sq.
ft. Upper-Level Unit, situated on a 7,610 sqf lot. The main level offers approx 2,200 sqf.
including a Showroom with 2 Bay Doors and capacity for up to 4 vehicles, along with an office/customer seating/waiting area. The Rear Garage includes an additional Bay Door and hoist, with space for 2 additional vehicles. The property features a highly functional Automotive setup with a parking/display area accommodating approximately 20-25 vehicles.
Extensively improved over the years, upgrades include a commercial electrical system and exterior meter, updated water and gas lines, new water meter and backflow prevention device, along with improvements to the rear shop ceiling completed in connection with fire inspection requirements. The approximately 1,200 sq. ft.
Upper-Level Unit has been fully renovated, including updated electrical/ water lines, kitchen, bathroom, flooring, heating,doors, together with a water softener/filtration system. The commercial space and upper -unit is occupied by a long-standing tenant on a FLEXIBLE-TERM LEASE, providing FLEXIBILITY FOR CONTINUED RENTAL INCOME OR POTENTIAL FUTURE OWNER OCCUPANCY. A unique opportunity to acquire an established automotive property combining business functionality, excellent vehicle capacity, multiple income streams, substantial improvements and a convenient central Kitchener location.
Property summary
- MLS® number
- X13875696
- Property type
- Retail
- Size
- 3,400 sq ft
- Land size
- 68.11 x 128.29 FT
- Annual property taxes
- $9,837.10
- Parking
- 25 spaces · Other
- Days on market
- 2 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
- Appliances
- Alarm System
What would this home cost you?
Based on the $1,325,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX ICON REALTY, WATERLOO.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.