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617 King Street

Waterloo, ON N2V 2N3

NewActiveFor Sale
0 Beds
0 Baths
16,000 Sq Ft
1 Lot Sq Ft
Commercial

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

StatusActive
Property TypeCommercial
Listing TypeFor Sale
Interior Size16,000 sq ft
Lot Size1 sq ft
Bedrooms0
Bathrooms0
ListedJune 25, 2026
Postal CodeN2V 2N3

Features & Amenities

  • View
  • Air Conditioning
  • Basement

TRREB MLS® Attribution

MLS® X13490382

Listed by RE/MAX TWIN CITY REALTY INC.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$4,999,500

asking price

MLS®X13490382
TypeCommercial
CityWaterloo
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$24,413

/month · $3,999,600 mortgage

Down Payment20% — $999,900
Interest Rate5.5%

Amortization

Total Interest

$3,324,365

Total Cost

$7,323,965

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

Full Mortgage Calculator →

Listed By

RE/MAX TWIN CITY REALTY INC.