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Kitchener, ON N2G 1A1,41 King ST W
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Kitchener, ON N2G 1A1,41 King ST W
Kitchener, ON N2G 1A1,41 King ST W
Kitchener, ON N2G 1A1,41 King ST W
Kitchener, ON N2G 1A1,41 King ST W
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Jeff Somlo

Jeff Somlo

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41 King ST W Kitchener, ON N2G 1A1

12,988 SqFt

UPDATED:

11/15/2024 04:07 PM

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

Zoning D1

Interior

Cooling Yes

Exterior

Utilities Available Yes

Others

Security Features Yes

Listed by Whitney & Company Realty Limited, Brokerage
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