5 PAULANDER Drive
Kitchener, Ontario
MLS® 40855845
$1,700,000
- Status
- Active
- Property type
- Industrial
- MLS® number
- 40855845
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1990
1 / 26Listing description
Excellent industrial investment and development opportunity in Kitchener, ideally situated near the Kitchener-Waterloo border with convenient access to both cities. The property features approximately 6,530 sq. ft.
of existing industrial and office space, configured as four individual units of approximately 1,630 sq. ft. each.
Each unit is arranged over two levels and offers a practical combination of approximately 815 sq. ft. of office space and 815 sq.
ft. of light industrial/warehouse space, providing flexibility for a wide range of businesses and tenants. All four units feature their own drive-in door along with two washrooms—one serving the office area and a second within the warehouse space.
The property offers an attractive opportunity for an investor looking for established rental income, an owner/user wanting to operate their business while benefiting from income generated by the remaining units, or a buyer looking for future expansion potential. The building has been well maintained, with a newer tar-and-gravel roof and most HVAC units replaced as required over time. Zoned EMP-2, this is a versatile industrial property offering existing income and functional space in an excellent Kitchener-Waterloo location.
Property summary
- MLS® number
- 40855845
- Property type
- Industrial
- Building type
- Commercial Mix
- Size
- 6,530 sq ft
- Title
- Freehold
- Built in
- 1990
- Annual property taxes
- $22,631.00
- Days on market
- 33 days
Features & details
- Basement
- Full
- Exterior features
- Brick
- Lot features
- Paved driveway
What would this home cost you?
Based on the $1,700,000 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 TWIN CITY REALTY INC., 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.