8
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$16
1 Bath
782 SqFt
Active
5 Wellington ST S #1C Kitchener, ON N2G 1C7
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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Rent
Square Footage 782 sqft
MLS Listing ID X10430420
Building Age New
Annual Tax Amount $17
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
The Station Park Building located in Kitchener is a prime retail location situated in a rapidly growing urban center. Station park offers retailers a modern, vibrant space, designed to complement the areas blend of historical charm and forward thinking urban development attracting a mix of locals, professionals and visitors to its retail spaces. *IMPORTANT* - This listing is being marketed at a reduced asking price to support the retail businesses that consider opening herewith tiered rent structure while the master planned development is taking place. Current asking net rent is $14.00 - $16.00 / sq. ft. (2025-2027) Once Phase 2 of the project is completed, (2028-2029) the net will escalate to $26.00-$28.00 /sq. ft. Upon the full project completion, (2030+) net rents will set up to a fair market rate of $40.00 - $42.00 / sq. ft.
Location
Province ON
County Waterloo
Area Waterloo
Zoning Commercial
Interior
Cooling Yes
Exterior
Community Features Major Highway, Recreation/Community Centre
Utilities Available Available
Others
Security Features No
Listed by CBRE LIMITED