UPDATED:
02/25/2025 04:11 PM
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 12,988 sqft
Price per Sqft $269
MLS Listing ID 40676991
Abv Grd Liv Area 12,988
Originating Board Waterloo Region
Annual Tax Amount $60,124
Lot Size 4,007 Sqft
Acres 0.092
Property Sub-Type Mixed,Building and Land
Property Description
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.
Location
Province ON
County Waterloo
Area 3 - Kitchener West
Zoning D1
Direction King Street between Ontario St S and Queen St S
Rooms
Basement Partial
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 25.14
Lot Depth 159.12
Garage No
Building
Lot Description City Lot, High Traffic Area, Public Transit, Schools
Faces King Street between Ontario St S and Queen St S
Story 4
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 4
New Construction No
Others
Senior Community false
Tax ID 224270072
Ownership Freehold/None
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