550 King St E 11,000 SF Office Building Kitchener, ON N2G 2L8 $5,500,000 CAD ($500 CAD/SF)

530-550 King Street East presents an opportunity to acquire a strategically positioned redevelopment site along one of Kitchener’s primary intensification corridors. Located on the edge of Downtown Kitchener, the property benefits from direct exposure along King Street East and immediate access to the city’s growing urban core, including restaurants, retail amenities, employment centers, and the Innovation District. The location is further supported by convenient connectivity to Grand River Transit routes and the ION LRT, enhancing accessibility for future residents and commercial occupants.
The site is currently improved with an approximately ±10,000-square-foot commercial building that has been stripped to its structural shell, creating flexibility for repositioning or integration into a future development program. The property also includes approximately ±0.35 acres of excess land, providing additional development potential. Recent capital improvements include a new roof and rooftop HVAC units, while a completed Record of Site Condition and significant geothermal infrastructure help reduce future development preparation requirements.
The proposed concept contemplates retention of the existing commercial structure alongside construction of a nine-storey mixed-use building containing approximately 80 residential units and two commercial units. As residential and mixed-use investment continues throughout the surrounding corridor, the property is well positioned to capitalize on ongoing urban intensification and demand for transit-oriented development. With frontage along both King Street East and Cameron Street North, existing infrastructure improvements, and proximity to major downtown amenities, the site offers a compelling opportunity for developers and investors seeking exposure within one of Waterloo Region’s most active growth markets.