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- LoopNet Team
525 New Dundee Rd
Kitchener, ON N2P 2N7
The Flats At Rainbow Lake · Multifamily Property For Sale
·
184 Units
INVESTMENT HIGHLIGHTS
- Lots of Natural Light
- Close Proximity to Major Hwy 401
- High Ceilings
EXECUTIVE SUMMARY
Freehold Retail space available on New Dundee Road in the Rainbow Lake condominiums. Commercial shell on the ground floor with high windows and lots of natural light. This unit has high ceilings, approximately 11' clear! Floors have not been poured to allow for routing of electrical and plumbing specific to the Buyer's needs - a blank palette to build exactly as you want/need! Retail, Professional Office, Food Services, Pharmacy, Personal Services, and Health, and Fitness are examples of use for this property. All services roughed into the property. Located only 1 minute from the 401 and Homer Watson Blvd, this unit has high traffic and high visibility with minimal commercial in the immediate area due to GRCA land protections - making your business stand out. With the expansion of residential in this area and approximately 450 clientele and/or customers within Rainbow Lake Condominiums, this is the perfect retail space for your business! Don't miss out on this opportunity!
PROPERTY FACTS
| No. Units | 184 | Lot Size | 5.68 AC |
| Property Type | Multifamily | Building Size | 174,064 SF |
| Property Subtype | Apartment | No. Stories | 10 |
| Apartment Style | Mid-Rise | Year Built | 2023 |
| Building Class | B | APN / Parcel ID | 301206001016500 |
| Zoning | COM 3 - Arterial Commercial | ||
| No. Units | 184 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 5.68 AC |
| Building Size | 174,064 SF |
| No. Stories | 10 |
| Year Built | 2023 |
| APN / Parcel ID | 301206001016500 |
| Zoning | COM 3 - Arterial Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 54 | - | - |
| 1+1 | 65 | - | - |
| 2+2 | 65 | - | - |
