5 Wellington ST S #1C new Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2G 1C7
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 782 sqft
Price per Sqft $0
MLS Listing ID X10430420
Annual Tax Amount $17
Tax Year 2024
Property Description
The Station Park Building located in Kitchener is a prime retail location situated in a rapidly growing urban center. Station park offers retailers a modern, vibrant space, designed to complement the areas blend of historical charm and forward thinking urban development attracting a mix of locals, professionals and visitors to its retail spaces. *IMPORTANT* - This listing is being marketed at a reduced asking price to support the retail businesses that consider opening herewith tiered rent structure while the master planned development is taking place. Current asking net rent is $14.00 - $16.00 / sq. ft. (2025-2027) Once Phase 2 of the project is completed, (2028-2029) the net will escalate to $26.00-$28.00 /sq. ft. Upon the full project completion, (2030+) net rents will set up to a fair market rate of $40.00 - $42.00 / sq. ft.
Location
State ON
County Waterloo
Zoning Commercial
Interior
Cooling Yes
Exterior
Community Features Major Highway,Recreation/Community Centre
Utilities Available Available
Others
Security Features No