Salehian.com 647-325-5000

1020 King Street E

Kitchener, N2G 2M9

$999,900

Reduced $100,100 from $1,100,000

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Listed 76 days ago · MLS® X13637474

About this home

MODERN COMMERCIAL SPACE WITH DUAL INCOME STREAMS! Positioned along the rapidly evolving King Street East corridor, just minutes from Downtown Kitchener, this beautifully restored commercial property presents a rare opportunity to own a move-in-ready investment in one of the city's most active growth areas. Extensively renovated throughout, the building blends timeless character with contemporary design, showcasing exposed brick, rich hardwood flooring, and an open-concept layout designed to inspire collaboration and productivity. The main floor is currently configured as a stylish professional office, complete with a private boardroom, making it ideal for a wide range of business uses. Upstairs, a fully tenanted two-bedroom residential apartment provides reliable income, currently rented for $1,550 per month inclusive of utilities. An additional revenue stream comes from the prominent exterior billboard, leased to Pattison Signs, generating approximately $4,800 annually. Designed with flexibility in mind, the property features separate mechanical systems, including two furnaces, two air conditioners, and two hot water heaters, allowing for efficient operation of both the commercial and residential spaces. A full basement offers exceptional storage, while the newly paved parking area provides five on-site parking spaces, complemented by two municipal parking spaces directly in front of the building. With dual driveway access, including a private entrance and shared access from King Street-ingress and egress are both convenient and practical. Offering exceptional visibility, multiple income sources, and a polished, turnkey interior, this is a standout opportunity for investors, entrepreneurs, or owner-occupiers.

Details

Type
Office
Lot
35 × 100 ft
Garage
None
Property tax
$15,400 (2025)
Municipality
Kitchener

Heating, cooling and services

Heating
Gas Forced Air Open
Air conditioning
Yes
Utilities
Yes

Building and exterior

Building area
1,623 Square Feet

More

Possession
Flexible
Cross street
OTTAWA ST N/KING ST E

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Walkable

  • 🚇 Borden LRT3 min walk
  • 🚇 Kitchener Market LRT15 min walk

Within a 10-minute walk: 1 grocery store, 16 cafés and restaurants, 7 parks. Nearest grocery: Siêu Thi Bến Thành (950 m). Nearest park: Luther Green (400 m).

Schools nearby

Elementary

  • Sheppard Public School
    EQAO: Gr 6 reading 72%, math 60%    8 min walk
  • St. Anne Catholic Elementary School Catholic
    EQAO: Gr 6 reading 90%, math 45%    15 min walk
  • Suddaby Public School
    EQAO: Gr 6 reading 90%, math 58%    1.3 km
  • Sunshine Montessori School Private1.5 km

Secondary

  • Cameron Heights Collegiate Institute
    EQAO: Gr 9 math 74%, literacy test 90%    12 min walk
  • Rockway Mennonite Collegiate Private15 min walk
  • Maple Grove School17 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N2G

Owners / renters
31% / 69%
Median household income
$62,400
Average age
42
Children under 15
10%
Homes
22% detached, 41% high-rise
Commute by transit
11%
Population
14,580

Languages spoken most at home besides English: Arabic 1.1%, Portuguese 1%, Spanish 1%, Mandarin 0.9%.

Safety

Crime Severity Index for Waterloo Region (Kitchener) police: 67 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Kitchener: 2 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX TWIN CITY FAISAL SUSIWALA REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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