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For saleNew listingMLS® X14125168

617 King Street N, Waterloo, ON N2V 2N3

$4,999,500

$312 / sq ft

1 weeks on market

Total area
16,000 sf
Lot
224.34 × 295.85 ft

What's special

  • Outside/surface garage
  • Yes

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About this property

VTB possible. Beautiful Banquet Hall approx. 15,500 sf building sitting on Approx. 1.50 acres with 4 halls (no kitchen/restaurant, but space available to add). Banquet Hall fully renovated last year. 75+ parking spaces. Banquet hall rooms renting on daily base and upcoming bookings already reserved. Site an also be looked at as a redevelopment as it's located in one of the most vibrant nodes of the region. Prime location with very large frontage on the main road and 3 entrances from main road. Large residential unit on second floor with separate entrance (can easily become 3 res units), 5 rooms, 2.5 bathrooms and kitchen with large dinning/lounge area. 1KM from highway 85. Located 500m down the street form Conestoga Mall and surrounded by all major retailers, hotels and big-box stores. VTB available up to 65% with flexible open terms. C5-81 Zoning allows most all retail uses if the current use is not of use to you. Current owner is retiring. MANY USES ARE POSSIBLE HERE. EVERYTHING FROM HOTEL TO COMMERCIAL SCHOOL AND FUNERAL HOME (AND MANY IN-BETWEEN)

Property details

Property

Property type
retail
Interior size
16,000 sq ft
Lot size
224.34 × 295.85 ft
Zoning
C5-81
Possession
OTHER

Interior

Heating
Other
Cooling
Yes

Exterior & services

Garage
Outside/Surface

Costs

List price
$4,999,500
Property taxes
$79,000 / year (2025)
Price per sq ft
$312

Listing

MLS® number
X14125168
Status
For sale
Listed
October 28, 2026
Days on market
7
Last updated
October 28, 2026
Listing brokerage
RE/MAX TWIN CITY REALTY INC.

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 90% of comparable retail listings in Waterloo are asking less.

$353KMedian $794K$3.20M
This home
$312 / sq ft
Comparable median
$524 / sq ft

Based on 10 comparable active retail listings in Waterloo. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $999,900
$999,900
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$22,114.47
Property tax (est.)
$6,583.33
Estimated monthly
$28,698

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$111,463
Total due on closing
$111,463

An estimate on the asking price of $4,999,500. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX TWIN CITY REALTY INC.. 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.

$4,999,500

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