2922 Kingsway DR, Kitchener, ON N2C 1X1
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2922 Kingsway DR, Kitchener, ON N2C 1X1
2922 Kingsway DR, Kitchener, ON N2C 1X1
2922 Kingsway DR, Kitchener, ON N2C 1X1
2922 Kingsway DR, Kitchener, ON N2C 1X1
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Caroline Marshall

Caroline Marshall

+1(705) 388-1792
$ 13,900,000
Est. payment /mo
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Price Dropped by $2.0M

2922 Kingsway DR Kitchener, ON N2C 1X1

11.22 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 40794576

Annual Tax Amount $423,612

Lot Size 11.220 Acres

Acres 11.22

Property Sub-Type Commercial

Source Cornerstone

Property Description

Opportunity to acquire the 11.248 acres, underneath Walmart at Kitchener's premier retail centre - Fairview Park Mall, leased long-term with approximately 75 years, inclusive of renewal options, remaining and expiring in 2100. The land is leased under a triple-net ground lease, subleased to Walmart, providing secure, predictable income with minimal management obligation and rent escalations through 2050, followed by market resets. Located within a Protected Major Transit Station Area, the site offers exceptional long-term redevelopment potential while delivering stable "bond-like" income today, backed by real estate. Ideal for investors seeking capital preservation, high-quality covenant income, and long-horizon land value in a prime corridor.

Location

Province ON

County Waterloo

Area 3 - Kitchener West

Zoning C1

Direction South on Fairway Road North, West on Wilson Avenue, and North on Kingsway Drive.

Rooms

Kitchen 0

Interior

Fireplace No

Exterior

Utilities Available Electricity Connected, Natural Gas Connected

Lot Frontage 831.9

Garage No

Building

Lot Description Urban, Ample Parking, High Traffic Area, Highway Access, Public Transit

Faces South on Fairway Road North, West on Wilson Avenue, and North on Kingsway Drive.

Sewer Sewer (Municipal)

Water Municipal

New Construction No

Others

Senior Community false

Tax ID 225900547

Ownership Freehold/None

Listed by COLLIERS

NEARBY SCHOOLS & PROPERTIES

Caroline Marshall

Caroline Marshall

+1(705) 388-1792

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2922 Kingsway DR