2191 KINGSWAY Drive

About this home.

2191 Kingsway Drive in South Kitchener offers the astute investor/developer a prime location to develop a multi residential complex that can also encompass retail on the ground floor. With just over 1/2 acre of land there is ample space to build. Its proximity to the 401 and Hwy 8, the LRT and a growing demographic makes this commercial property a long term value purchase. The corner lot provides excellent exposure and with the adjacent property also being for sale [MLS # 40794181] offers an opportunity to develop something unique. Topping everything off the COMM-2 zoning fits nicely within the city's future development plans for South Kitchener. There is a building on the premises that has a tenant but the lease expires in Oct 2026. (id:59491)

The full record.

How this listing prices against Fairview/Kingsdale.

Fairview/Kingsdale had 9 sales and 28 active listings, keeping the market somewhat buyer-friendly. The average sale price was $554,333, well below the city average, while homes sold in 28 days at 96.79 percent of list, close to city norms. This is another clear split market, with freeholds trading at much higher prices and faster speeds than condos. For buyers, the neighbourhood offers both family-home and more affordable apartment options.

Estimate the monthly carry.