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351-355 Lancaster St W 3,482 SF 100% Leased Retail Building Kitchener, ON N2H 4V4 $950,000 CAD ($272.83 CAD/SF)
Investment Highlights
- Located on Lancaster Street W with high visibility and consistent traffic volumes.
- Surrounded by established residential neighborhoods, community amenities, and retail centers.
- Conceptual plans suggest potential for medium-density residential development (up to 14 townhomes).
- Minutes from Highway 7, offering regional connectivity to Cambridge, Waterloo, and major business hubs.
- Site currently includes multiple serviced commercial structures providing holding income.
- Municipal services including water and sewer are already connected.
Executive Summary
This property presents an excellent opportunity for developers and investors seeking a well-located infill site with future growth potential in Kitchener’s vibrant corridor. Spanning approximately 0.415 acres and currently improved with fully serviced commercial buildings totaling about 4,662 square feet, the site accommodates both near-term income and long-term redevelopment strategies.
Positioned with strong exposure along Lancaster Street West and just under 500 meters from Highway 7, the property provides seamless access across the Waterloo Region and beyond. Surrounding uses include schools, parks, grocery stores, and a mix of retail and service-based businesses, supporting robust consumer traffic and community engagement. Concept studies have indicated potential for up to 14 stacked townhomes, making it an attractive option for medium-density residential or mixed-use redevelopment.
With continued population growth, infrastructure investment, and proximity to Uptown Waterloo and Downtown Kitchener, this asset offers both stability and compelling upside for forward-thinking investors.
Positioned with strong exposure along Lancaster Street West and just under 500 meters from Highway 7, the property provides seamless access across the Waterloo Region and beyond. Surrounding uses include schools, parks, grocery stores, and a mix of retail and service-based businesses, supporting robust consumer traffic and community engagement. Concept studies have indicated potential for up to 14 stacked townhomes, making it an attractive option for medium-density residential or mixed-use redevelopment.
With continued population growth, infrastructure investment, and proximity to Uptown Waterloo and Downtown Kitchener, this asset offers both stability and compelling upside for forward-thinking investors.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,482 SF
Building Class
C
Year Built
1953
Price
$950,000 CAD
Price Per SF
$272.83 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.42 AC
Zoning
Mix-1
Parking
10 Spaces (2.87 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 10
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351-355 Lancaster St W
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