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Key Details
Sold Price $22,600,000
Property Type Commercial
Sub Type Office,Building and Land
Listing Status Sold
Purchase Type For Sale
Square Footage 104,750 sqft
Price per Sqft $215
MLS Listing ID 40568596
Sold Date 04/24/25
Abv Grd Liv Area 104,750
Annual Tax Amount $401,778
Property Sub-Type Office,Building and Land
Source Cornerstone
Property Description
Rare opportunity to acquire a best-in-class office building with significant parking component (5.13 stalls per 1,000 square feet). 590 Riverbend Drive, Kitchener consists of a Class ‘A' 104,750 square foot 5-story office building with 6-story parking structure on 3.461 acres. The property has been operated and maintained to an institutional standard. Recent capital improvements include cafeteria renovation, roof replacement, RTU replacement, washroom renovation and LED lighting upgrade. Superior workplace experience for employees by providing efficient floor plates, ample natural light, onsite amenities, such as cafeteria, gym, ample parking, locker rooms with showers, bicycle storage and employee balcony. Situated within close proximity of Highway 85, Highway 7/8 and Highway 401.
Location
Province ON
County Waterloo
Area 1 - Waterloo East
Zoning B02
Direction Bridgeport Road
Rooms
Basement None
Kitchen 0
Interior
Fireplace No
Exterior
Garage Spaces 324.0
Lot Frontage 570.25
Garage No
Building
Lot Description Ample Parking, Highway Access
Faces Bridgeport Road
Story 5
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 5
New Construction No
Others
Senior Community false
Tax ID 227120246
Ownership Freehold/None
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