1659 Victoria Street, Kitchener, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of Kitchener. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $225,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 274.27 x 317.64 ft lot size
- equipped with no central cooling and highly efficient radiant heating
Description
Business Sale Only - 1659 Victoria St N, Kitchener. An outstanding opportunity to purchase a well-established and profitable mechanic business located in a prime, high-traffic area of Victoria Street North in Kitchener. This business benefits from excellent visibility, easy access, and a strong presence in a busy commercial corridor, making it highly attractive to both existing and new customers. The operation generates a steady and lucrative income and has built a loyal customer base over the years. It is ideal for an experienced owner-operator or an investor seeking a proven automotive business with immediate cash flow and ongoing demand. The business operates from an approximately 4,500 sq. ft. commercial space with a transferable lease. The shop is well laid out with multiple service bays, vehicle lifts, and ample working area, allowing for efficient operations and the ability to service multiple vehicles at once. A new rent will be secured to the business buyer (not transferable lease) The current shop consists of 2 shops (unit 1 and Unit 2) Unit 1 is OMVIC approved (dealership) and service centre 50 parking spots available for the units. This is a rare chance to acquire a turnkey automotive business in a sought-after location with strong growth potential. Business sale only. Serious inquiries are welcome.
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Data-driven valuation for 1659 Victoria Street N, Kitchener, ON N2B 3E6
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About Purchasing a Home in Kitchener, ON
For a property listed at $225,000 in Kitchener, the legal minimum down payment is $11,250 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $1,975 for this transaction. As this listing is in Kitchener (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $1,975.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.