496 KING Street E

About this home.

Exceptional opportunity to own a versatile mixed-use building in the heart of Downtown Kitchener along the vibrant King Street East corridor. This high-exposure property benefits from strong pedestrian and vehicular traffic, making it ideal for a wide range of commercial uses. The main floor features a bright, street-facing commercial space, previously operated as a hair salon, offering excellent visibility and signage potential—perfect for retail, service-based businesses, or professional offices. The upper level includes a self-contained residential apartment, providing an excellent opportunity for owner-occupancy, rental income, or live/work flexibility. Situated in a rapidly growing urban hub, this property is just minutes from Downtown Kitchener amenities including restaurants, cafes, retail shops, LRT transit, and major employers. The location also offers convenient access to public transit, nearby hospitals, and key commuter routes, enhancing both business exposure and residential appeal. With flexible zoning allowing for a variety of commercial and residential uses, this property is ideal for entrepreneurs, investors, or end-users looking to establish themselves in one of Kitchener’s most dynamic and evolving areas. (id:59491)

The full record.

How this listing prices against Downtown Kitchener/East Ward.

Downtown Kitchener/East Ward had 9 sales and 83 active listings, making it one of the looser markets in the city. The average sale price was $703,767, close to the city median, but homes took 37 days to sell and closed at 96.65 percent of list, which signals slower absorption. This neighbourhood is clearly split between a firmer freehold segment and a much heavier condo inventory. Buyers have choice here, especially in apartments.

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