40 LANCASTER Street W, Kitchener, Ontario, N2H4S9
First time offered for sale since 1978! ORION ONE is looking for a new owner! Well maintained property, centrally located in KW, building & land for sale on a busy intersection of Lancaster & Breithaupt, close to Expressway, 0.46 acre parcel with 6,520 Sq/Ft freestanding solid building plus 400 Sq/Ft Portable plus 1,995 Sq/Ft basement. This property offers an Owner Occupier space of 2,457 Sq/Ft for buyer's business plus an investment property with 3 tenants. Each tenant pays own utilities. Unit A Orion One is currently owner occupied 2,457 Sq/Ft on main level plus the owner uses the 1,995 sq/ft basement for storage. Unit B - 970 Sq/Ft & Unit D - 2,700 Sq/ft both new units, underwent a major alteration and updates in 2021, both have very good tenants with leases. Unit C has 393 Sq/Ft + uses a 400Sq/Ft Portable for storage, tenant pays month-to-month. The building has new electrical, new roof 2020 (Over $100K spent), 6 washrooms (2 are new & universal with wheelchair access), 4 Hydro meters, 3 Furnaces (2 are brand new). Current zoning M-2 allows many uses, please view attachment. Seller prefers to sell by May 31st. Don't miss this icon building, grab the opportunity, book your viewing today! (id:2471)
COLDWELL BANKER NEUMANN REAL ESTATE, BROKERAGE
- Property Address: 40 LANCASTER Street W, Kitchener, Ontario, N2H4S9
- Property Type: Other
- Zoning Description: M-2
- Title: Freehold
- Lot Size: 0.46
- Acreage: 0.46 ac|under 1/2 acre
- Sewage Type: Municipal sewage system
- Water Type: Municipal water
- Access: Highway access
- Total Parking Spaces: 15
- Storeys: 1
- Building Age: 1948
- Basement Type: Partial (Finished)
- Heating Type: Natural gas, Forced air
- Exterior Type: Concrete
- Visual exposure
- High Traffic Area
Listing Offices: RE/MAX TWIN CITY REALTY INC., RE/MAX Twin City Realty Inc.
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