$1,325,000
Available - For Sale
Listing ID: X13875696
227 Louisa Street , Kitchener, N2H 5M6, Waterloo
| AUTO CAR & SALES DEALERSHIP FOR SALE! Excellent opportunity to own a UNIQUE MIXED-USE AUTOMOTIVE property in a central Kitchener location, just minutes from Highways 7, 8 and 401. Current uses include AUTOMOTIVE SALES, SERVICE, AUTOBODY AND REPAIRS, operating as a legal non-conforming use. An excellent opportunity for an AUTOMOTIVE OPERATOR, OWNER-USER or INVESTOR seeking an established property with significant improvements and additional rental income. The property offers approximately 3,400 sqf. of Commercial/Shop space plus an approximately 1,200 sq. ft. Upper-Level Unit, situated on a 7,610 sqf lot.The main level offers approx 2,200 sqf. including a Showroom with 2 Bay Doors and capacity for up to 4 vehicles, along with an office/customer seating/waiting area. The Rear Garage includes an additional Bay Door and hoist, with space for 2 additional vehicles. The property features a highly functional Automotive setup with a parking/display area accommodating approximately 20-25 vehicles. Extensively improved over the years, upgrades include a commercial electrical system and exterior meter, updated water and gas lines, new water meter and backflow prevention device, along with improvements to the rear shop ceiling completed in connection with fire inspection requirements. The approximately 1,200 sq. ft. Upper-Level Unit has been fully renovated, including updated electrical/ water lines, kitchen, bathroom, flooring, heating,doors, together with a water softener/filtration system.The commercial space and upper -unit is occupied by a long-standing tenant on a FLEXIBLE-TERM LEASE, providing FLEXIBILITY FOR CONTINUED RENTAL INCOME OR POTENTIAL FUTURE OWNER OCCUPANCY. A unique opportunity to acquire an established automotive property combining business functionality, excellent vehicle capacity, multiple income streams, substantial improvements and a convenient central Kitchener location. |
| Price | $1,325,000 |
| Taxes: | $5060.92 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 227 Louisa Street , Kitchener, N2H 5M6, Waterloo |
| Postal Code: | N2H 5M6 |
| Province/State: | Waterloo |
| Directions/Cross Streets: | WEBER ST W/VICTORIA ST N |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Service |
| Use: | Automotive Related |
| Building Percentage: | T |
| Total Area: | 3400.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 1200 |
| Office/Appartment Area Code: | Sq Ft |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Sprinklers: | No, |
| Washrooms: | 2 |
| Rail: | N |
| Soil Test: | Yes |
| Clear Height Feet: | 10 |
| Bay Size Length Feet: | 9 |
| Truck Level Shipping Doors #: | 1 |
| Height Feet: | 9 |
| Double Man Shipping Doors #: | 0 |
| Drive-In Level Shipping Doors #: | 0 |
| Grade Level Shipping Doors #: | 0 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | No |
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| RE/MAX ICON REALTY |
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Po Paul Chen
Broker
Dir:
647-283-2020
Bus:
905-475-4750
Fax:
905-475-4770
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Waterloo |
| Municipality: | Kitchener |
| Neighbourhood: | Dufferin Grove |
| Tax: | $5,060.92 |
| Baths: | 2 |
| Fireplace: | N |
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