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575 Riverbend Dr 37,000 SF 86% Leased Office Building Kitchener, ON N2K 3S3 $8,999,999 CAD ($243.24 CAD/SF)



Investment Highlights
- Located between two major highway exits offering high visibility and convenient access.
- Situated within minutes of Waterloo, Guelph, and Cambridge, serving a strong regional workforce base.
- Approved expansion potential for office or industrial development on-site.
- Open-concept office layout with abundant natural light and scenic surrounding views.
Executive Summary
575 Riverbend Drive offers a 37,000 sq. ft. office building on an expansive 3.3-acre site positioned within Kitchener’s Riverbend office node. This property boasts expressway visibility and easy access from two highway exits, facilitating regional connectivity. The site offers exceptional growth potential with up to 30,000 sq. ft. of additional office space or 40,000 sq. ft. of industrial expansion possible, creating a rare opportunity for scalability. Located just five minutes from Waterloo and 15 minutes from Guelph and Cambridge, the property benefits from proximity to Ontario’s innovation corridor. The building features a contemporary glass façade, open floor plans, and ample natural light. On-site parking, support for varied uses, and surrounding business amenities make this asset attractive for both owner-occupiers and investors. Allowable uses include office, fitness, and light industrial applications, enhancing operational flexibility. With scenic building views and location advantages, this asset provides long-term value for businesses seeking a prominent corporate setting in an established commercial hub.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
37,000 SF
Building Class
C
Year Built
2001
Price
$8,999,999 CAD
Price Per SF
$243.24 CAD
Percent Leased
86%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
21,920 SF
Slab To Slab
11’
Building FAR
0.22
Lot Size
3.86 AC
Zoning
CD - Commercial
Parking
80 Spaces (2.16 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste 1A
- 5,000 SF
- Office
- Partial Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 1A | 5,000 SF | Office | Partial Build-Out | Now |
1st Fl-Ste 1A
| Size |
| 5,000 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
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575 Riverbend Dr
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