247 Ottawa St S #241, Kitchener, ON N2G 3T5

Offer deadline Wed. Feb. 3rd; Fantastic opportunity to purchase this multi use COMMERCIAL/RESIDENTIAL INVESTMENT property with 2 free standing buildings. You'll appreciate its convenient location along the newly developed ION rail corridor, 350m from the recently purchased Schneiders property, and easy/quick access to highway 7/8. Cr1 zoning permits several possibilities for home businesses, retail, spa, health office and much more! There is a 3-story detached commercial bld that features 3150 square feet of fully renovated office/service-based business space. You'll appreciate the significant amount of parking with 9+ spaces. Extensive improvements have been completed in excess of $380,000 (see attached list of upgrades/updates). 240-volt electrical updated breaker system. You'll love the flat roof top where you can take advantage of beautiful vistas of the city around about. During the summer, your staff can enjoy breaks and lunch on the roof top patio. The building offers 5 separate entrances with 2 separate staircases to the upper and lower levels. Alarm system present. Quick possession available. There is a also a 5 bedroom duplex, with 4 bedrooms in the upper 2 floor unit and 1 bedroom in the bsmt unit. Duplex has 3 separate meters. Seller has checked with city and they have confirmed may allow up to a 30-story building to be erected on this lot - confirm w/ city. Improvements incl: new asphalt parking and drive way, new roof, new flooring (to be installed), new interior walls, electrical with breaker box, new windows, doors, exterior stair cases, new A/C, On demand Hot water Heaters, granite counters in reception space, etc... fyi: appraisal was conducted in November 2020 and confirmed value at 950k