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Last Updated : 624 Days ago
41 King St W, Kitchener, Ontario,

41 King St W, Kitchener MLS Number: X10426004

Kitchener, Waterloo, ON, N2G 1A1

$3,500,000

Status: OFF MARKET

  • Property Type: Commercial (Investment)
  • Property Taxes : $60124.52 (Tax Year:2024)
  • Listing Courtesy : Whitney & Company Realty Limited, Brokerage

41 King St W Property Description

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**

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41 King St W Property Facts

Property Type :Commercial
MLS Number :X10426004
Listing Type :Sale
Possession Date :
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Last Updated :26 Feb, 2025 (624 Days ago)
Source :TRREB
Area :Waterloo
Postal Code : N2G 1A1
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41 King St W Property Price & Tax Insights

Price : $3,500,000
Property Taxes :$60124.52
Tax Year :2024

41 King St W, Kitchener Property Details

Cross Street :King St between Ontario St S & Queen St S

41 King St W, Kitchener - Price History

2025-02

24 Feb, 2025

TREB #X10426004

Available

$3500000.0

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41 King St W - Location Map and Landmarks

  • St. Mary's General, Waterloo 1.63 km
  • Grand River, Waterloo 1.92 km
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