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12,988 SqFt
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12,988 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 12,988 sqft
Price per Sqft $0
MLS Listing ID X10426004
Annual Tax Amount $60,124
Tax Year 2024
Property Description
Fully Leased, historic Income producing property located in the heart of Downtown Kitchener. Built in 1908, spanning 4 floors this multi Tenant property has been fully improved. All mechanical, electrical, fire rating, windows, roof and life safety systems have been modernized. The building is anchored by Maxon, a division of Nemetschek Group. A German based software vendor with a market capitalization of over $14B and yearly revenue over $1.1B. Maxon specializes in 3D modelling, animation and rendering software. They have invested heavily in the building with their Tenant improvements. The main floor retail Tenant Tamasha Resto Bar is a successful operation that exists in Toronto. They have a track record being professional operators and have created a unique experience combining Indian Fusion with entertainment. The NOI as of March 2025 is $241,441.00. Current Lease expiries are Dec 31, 2028 for the Anchor Tenant Maxon and Aug 31, 2029 for Tamasha Resto Bar.
Location
Province ON
County Waterloo
Area Waterloo
Zoning D1
Interior
Cooling Yes
Exterior
Utilities Available Yes
Others
Security Features Yes
Listed by Whitney & Company Realty Limited, Brokerage
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