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109 College St 2,364 SF Vacant Office Building Kitchener, ON N2H 5A2 $698,464 USD ($295.46 USD/SF) 4.85% Cap Rate
INVESTMENT HIGHLIGHTS
- 3 level property
- Freshly painted
- May also be suitable as Live/Work space
EXECUTIVE SUMMARY
Attention: Lawyers, Accountants, Realtors, Professionals. May also be suitable as Live/Work space. Welcome to 109 College St in DTK. This property is freshly painted & ready for your finishing touches. This 3 level property has ample parking (10+) and has 2 hydro meters (previously duplex) to accommodate multiple tenants. See wide variety of permitted uses in attachments.
Virtual Tour: https://youriguide.com/109_college_st_kitchener_on/
Permitted uses:
Additional Dwelling Unit (Attached) (By-law 2023-102, S.15) Additional Dwelling Unit (Detached) (By-law 2023-102, S.15) Convenience Retail Day Care Facility Dwelling Unit Educational Establishment Financial Establishment Funeral Home Health Clinic Health Office Home Business Hospice (By-law 2013-124, S.48) Lodging House Medical Laboratory Multiple Dwelling Office Personal Services Printing Establishment Private Club or Lodge Private Home Day Care Religious Institution Residential Care Facility Sale, Rental, or Service of Business Machines and Office Supplies Security or Janitorial Services Street Townhouse Dwelling Studio Tourist Home Veterinary Service
Virtual Tour: https://youriguide.com/109_college_st_kitchener_on/
Permitted uses:
Additional Dwelling Unit (Attached) (By-law 2023-102, S.15) Additional Dwelling Unit (Detached) (By-law 2023-102, S.15) Convenience Retail Day Care Facility Dwelling Unit Educational Establishment Financial Establishment Funeral Home Health Clinic Health Office Home Business Hospice (By-law 2013-124, S.48) Lodging House Medical Laboratory Multiple Dwelling Office Personal Services Printing Establishment Private Club or Lodge Private Home Day Care Religious Institution Residential Care Facility Sale, Rental, or Service of Business Machines and Office Supplies Security or Janitorial Services Street Townhouse Dwelling Studio Tourist Home Veterinary Service
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL (USD) | ANNUAL PER SF (USD) |
|---|---|---|
| Gross Rental Income |
$33,870
|
$14.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$33,870
|
$14.33
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $33,870 |
| Annual Per SF | $14.33 |
| Other Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $33,870 |
| Annual Per SF | $14.33 |
| Net Operating Income (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,364 SF
Building Class
C
Year Built/Renovated
1884/2024
Price
$698,464 USD
Price Per SF
$295.46 USD
Cap Rate
4.85%
NOI
$33,884 USD
Percent Leased
Vacant
Building Height
3 Stories
Typical Floor Size
1,249 SF
Zoning
CR-3 - see attachment
Parking
10 Spaces (4.23 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Kitchen
- Basement
- Yard
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- TBA
- Services
- 1,248 SF
- -
- Dec 2024
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| TBA | Services | 1,248 SF | - | Dec 2024 |
Walk Score®
Walker's Paradise (97)
Bike Score®
Biker's Paradise (94)
1 of 27
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Presented by
Trius Realty Inc.
109 College St
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