617 KING Street N
Waterloo, Ontario
MLS® 40842809
$4,999,500
- Status
- Active
- Property type
- Retail
- MLS® number
- 40842809
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 26Listing description
VTB possible. Beautiful Banquet Hall approx. 15,500 sf building sitting on Approx.
1. 50 acres with 4 halls (no kitchen/restaurant, but space available to add). Banquet Hall fully renovated last year.
75+ parking spaces. Banquet hall rooms renting on daily base and upcoming bookings already reserved. Site an also be looked at as a redevelopment as it’s located in one of the most vibrant nodes of the region.
Prime location with very large frontage on the main road and 3 entrances from main road. Large residential unit on second floor with separate entrance (can easily become 3 res units), 5 rooms, 2. 5 bathrooms and kitchen with large dinning/lounge area.
1KM from highway 85. Located 500m down the street form Conestoga Mall and surrounded by all major retailers, hotels and big-box stores. VTB available up to 65% with flexible open terms.
C5-81 Zoning allows most all retail uses if the current use is not of use to you. Current owner is retiring. MANY USES ARE POSSIBLE HERE.
EVERYTHING FROM HOTEL TO COMMERCIAL SCHOOL AND FUNERAL HOME (AND MANY IN-BETWEEN)
Property summary
- MLS® number
- 40842809
- Property type
- Retail
- Building type
- Retail
- Size
- 16,000 sq ft
- Title
- Freehold
- Annual property taxes
- $79,000.00
- Days on market
- 96 days
Features & details
- Basement
- None
- Community features
- High Traffic Area
What would this home cost you?
Based on the $4,999,500 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., CAMBRIDGE.
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.