$924,900 - 26 King Street, Kitchener
Commercial for Sale in Kitchener
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- MLS Number
- X13790818
- Property Type
- Commercial
- Status
- active
- Days on Site
- 21
- Bedrooms
- 0
- Bathrooms
- 2
- Square Feet
- 3,278 sqft
- Neighbourhood
- Kitchener
- Taxes (2025)
- $3,388
- Listing Brokerage
- RE/MAX TWIN CITY REALTY INC.
THREE SPACES - ONE SMART INVESTMENT! Welcome to a truly one-of-a-kind opportunity in the heart of downtown Kitchener-where modern design meets incredible versatility. This architecturally striking building, completed in 2025, offers a rare combination of two beautifully appointed residential units along with a vibrant commercial space, making it ideal for a live-work lifestyle, Airbnb or savvy investment. This impressive property spans over 3,200 sq ft, showcasing innovative design at its finest. Each residential unit features its own private entrance, leading into a dedicated hallway & staircase that enhances privacy. Residential Unit A is filled with character, highlighted by a dramatic two-storey window overlooking lively King Street. Unique rounded ceiling details add softness to the modern aesthetic, while the primary loft suite features a glass-railed overlook to the living space below. Upstairs, the bedroom includes a full ensuite, complemented by a stylish powder room on the main level for guests. A rooftop patio with views over King Street provides the perfect urban retreat. Residential Unit B offers a similar layout with its own distinct charm. A striking two-storey window frames views of Goudies Lane. Enjoy a private balcony off the living area, while the upper-level suite features a full ensuite and open-to-below design. A convenient main-floor powder room and a rooftop patio with sweeping skyline views complete the space. At street level along Goudies Lane, a 600 sq ft commercial unit presents endless possibilities-perfect for a boutique shop, café, takeout concept, or contemporary office. The space includes rough-ins for a kitchen & accessible washroom rough-ins and has one dedicated parking spot. With a Walkscore of 99, this prime downtown location puts everything at your doorstep. Just steps from the ION LRT stop & steps to the Kitchener Market, local cafés, nightlife, shopping, and Centre in the Square
Estimate your monthly payments for this property
Estimated Payment
$4,745.22/mo
Includes CMHC insurance ($25,805)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Kitchener
Kitchener is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Kitchener
- •Convenient location in Kitchener
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Kitchener offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
26 King Street, Kitchener
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $282/sqft, this is priced in the mid-range for GTA commercial space. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Commercial Market Pace
Commercial real estate transactions typically take 60–120 days from offer to close — longer than residential — due to financing conditions, environmental reports, and tenant estoppel reviews. This 21-day listing is within normal commercial market exposure.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Kitchener transactions.