About 41 King Street W
7% Cap Rate - 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 is $241,441.00. Current Lease expiries are Dec 31, 2028 for the Anchor Tenant Maxon and Aug 31, 2029 for Tamasha Resto Bar.
Features of 41 King Street W
| MLS® # | 40676991 |
|---|---|
| Price | $3,500,000 |
| Bathrooms | 0.00 |
| Acres | 0.09 |
| Type | Commercial Sale |
| Sub-Type | Mixed,Building and Land |
| Status | Active |
Community Information
| Address | 41 King Street W |
|---|---|
| Area | 3 - Kitchener West |
| Subdivision | 313 - Downtown Kitchener/West Ward |
| City | Kitchener |
| County | Waterloo |
| Province | ON |
| Postal Code | N2G 1A1 |
Amenities
| # of Garages | 0.00 |
|---|---|
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | Yes |
| Basement | Partial |
Exterior
| Lot Description | City Lot, High Traffic Area, Public Transit, Schools |
|---|
Additional Information
| Date Last Updated | April 23rd, 2025 |
|---|---|
| Zoning | D1 |
Listing Details
| Office | WHITNEY & COMPANY REALTY LIMITED |
|---|