824 King St, Kitchener — 1

824 King St

Kitchener, ON N2G 1G1

For Sale223d on marketMLS® X12469416
43
35
5000 + ft²
None
Multiplex

Description

Rare offering in the heart of Kitchener! 824 King Street West is a 35-unit, four-story residential building currently undergoing a complete transformation. Featuring 27 one-bedroom and 8 two-bedroom units, this prime asset offers investors the chance to step in mid-renovation and customize the final finishes. All units are being upgraded with brand new windows, modern kitchens and bathrooms, new appliances, stylish fixtures, in-suite laundry, individual heat pumps, and contemporary flooring throughout. This 26,000 sq ft building sits on just under an acre of high-demand land, offering 72 outdoor parking spacesa true competitive advantage downtown. Building upgrades include new electrical systems (36 individual panels + 8 mains), new main drains and unit main plumbing lines have been run to each unit, vents, new rooftop make-up air units for energy efficiency, and a state-of-the-art fire alarm system. Major infrastructure work has already been invested. Situated between Uptown Waterloo and Downtown Kitchener, this unbeatable location places residents steps from Grand River Hospital, the ION Light Rail, Kitchener GO Station, and top employers like Google, Communitech, Oracle NetSuite, and the University of Waterloo Health Sciences Campus. Residents will also love the Iron Horse Trail connection to Victoria Park and Waterloo Park. With land scarcity and luxury high-rises reshaping the downtown core, 824 King Street West is positioned for tremendous appreciation. This is your chance to own a major asset in one of Canada's fastest-growing innovation corridors. Take advantage of this high-demand, high-growth opportunity!

Key Facts

MLS® #

X12469416

Days on market

223

Listed

Oct 15, 2025

Updated

Feb 19, 2026

Tax

$42,000

Size

5000 + sqft

Lot

90.15 × 433.75 Feet

Parking

None, 72 Parking

Listing History

Buy/Sell history for 824 King St, Kitchener, ON

Date StartDate EndList PricePriceEventListing ID
2025-10-15N/A$9,999,000N/AExtX12469416

Property Details

Property

Property TypeMultiplex
StyleOther
MunicipalityKitchener

Inside

Bedrooms43
Bathrooms35
Bathroom Detail35, 4pc
Basement TypeFull
Kitchens35

Utilities

WaterMunicipal
CoolingOther
Heating TypeHeat Pump

Building

Size5000 + sqft
ConstructionBrick

Parking

DrivewayNone
Garage TypeNone
Add. Parking72
Total Parking72

Land

SewerSewers
Lot Size90.15 × 433.75 Feet
Lot Size CodeFeet

Additional Details

FoundationOther
RoofOther
FireplaceN
PoolNone
DenN
Family roomN

Rooms (12)

Room 1

Room 2

Room 3

Room 4

Room 5

Room 6

Room 7

Room 8

Room 9

Room 10

Room 11

Room 12

Comparable Sales

Estimated Market Value

AI Estimated Value
Beta

$7,500,266

Range: $6,649,603 $8,350,928

LowHigh

Estimated by AI based on market data. For informational purposes only.

Mortgage Tools

Mortgage calculator

20%

Monthly Payment

$45,836

  • Down payment$1,999,800
  • Mortgage amount$7,999,200
  • Total interest$5,751,600
  • Total cost$15,750,600

Cash flow analysis

$45,836

Total monthly payment

$49,336

Break-even down payment

100%

Cash flow-$49,336

Location

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