$1,325,000
227 Louisa Street, Kitchener, ON N2H 5M6
Listing courtesy of RE/MAX ICON REALTY
$1,350,000
$690 / sq ft1 months on market
3188 King St E presents a rare mixed-use opportunity in Kitchener's established east end, offering excellent King Street exposure, strong visibility, and convenient access to Highway 8, Fairway Road, Sportsworld, Cambridge, and the broader Waterloo Region. Situated on approximately 0.209 acres, this 1,957 sq. ft. property features three main-floor commercial units and a second-floor 4-bedroom apartment, providing a versatile combination of commercial and residential income. The residential unit currently generates $3,250/month in rental income, while Commercial Unit 1 is leased at $1,850/month. The remaining two commercial units will be delivered vacant on closing, providing flexibility for an owner-user, new tenants, or additional leasing opportunities. The property also benefits from a new 2-ton HVAC unit, 11+ parking spaces, and a prominent pylon sign for enhanced street visibility. Zoned COM-2, the property accommodates a broad range of permitted commercial uses, including retail, office, health clinic, pet services, auto sales, and more. Its strategic location near major arterial routes, transit, established commercial areas, and ongoing east Kitchener development further enhances its appeal. With existing rental income, flexible commercial space, ample parking, and strong exposure, 3188 King St E offers an exceptional opportunity for investors and owner-users alike.
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What this home costs beyond the asking price, and how that price compares to what else is on the market.
This home is priced above most comparable listings — about 94% of comparable retail listings in Kitchener are asking less.
Based on 17 comparable active retail listings in Kitchener. These are asking prices, not sale prices.
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Payable on closing, on top of the purchase price.
An estimate on the asking price of $1,350,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of ENGEL & VOLKERS TORONTO CENTRAL. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
What similar homes in this area actually sold for.
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$1,325,000
Listing courtesy of RE/MAX ICON REALTY
$1,200,000
Listing courtesy of RE/MAX TWIN CITY FAISAL SUSIWALA REALTY
$1,400,000
Listing courtesy of CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD