Exceptional opportunity to own a versatile mixed-use building in the heart of Downtown Kitchener along the vibrant King Street East corridor. This high-exposure property benefits from strong pedestrian and vehicular traffic, making it ideal for a wide range of commercial uses.The main floor features a bright, street-facing commercial space, previously operated as a hair salon, offering excellent visibility and signage potential-perfect for retail, service-based businesses, or professional offices. The upper level includes a self-contained residential apartment, providing an excellent opportunity for owner-occupancy, rental income, or live/work flexibility.Situated in a rapidly growing urban hub, this property is just minutes from Downtown Kitchener amenities including restaurants, cafes, retail shops, LRT transit, and major employers. The location also offers convenient access to public transit, nearby hospitals, and key commuter routes, enhancing both business exposure and residential appeal.With flexible zoning allowing for a variety of commercial and residential uses, this property is ideal for entrepreneurs, investors, or end-users looking to establish themselves in one of Kitchener's most dynamic and evolving areas.
works out to roughly $909 per square foot. Chat with Zara if you'd like a deeper read on whether this home fits your budget and timing.
Inside 496 King St E
Every detail from the listing, in one place.
Style
2-Storey
Living space
1100-1500 sq ftas stated on the listing
Parking
8 spaces
Features & systems
Parking & garage
Parking spaces
8
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Other
496 King St E Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14123276$999,999
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 496 King St E Compares to the Kitchener Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,913
/mo
based on the purchase price of $999,999
$200,000 cash
$799,999 financed
$673,809 total interest
Principal54%$799,999
Interest46%$673,809
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 496 King St E
Homes for sale in Kitchener
Every active Kitchener MLS® listing, updated all day.
Average days on market30Homes sold in about 30 days on average.
Sale-to-list ratio101.0%On average, homes sold at or above asking.
Active listings757Homes for sale here right now.
Median vs prior 90 days−2.9%Compared with May 1 – Jul 30, 2026: prices down.
Based on 751 sales from Jul 30 – Oct 28, 2026 (572 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 496 King St E
How much is 496 King St E listed for?
496 King St E is listed at $999,999 (MLS® X14123276). Summitly updates the price as soon as the MLS® record changes.
Is $999,999 a good price for 496 King St E?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Kitchener. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 496 King St E changed?
No — 496 King St E is still listed at its original asking price of $999,999.
How many bedrooms and bathrooms does 496 King St E have?
496 King St E has about 1,100–1,500 square feet of living space. The listing doesn't publish a bedroom or bathroom count. It is a home in Kitchener.
How much would the monthly mortgage be on 496 King St E?
About $4,913 a month — principal and interest on $999,999 with 20% down ($200,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 496 King St E compare with other homes in Kitchener?
Its asking price of $999,999 is about 52% above the median sold price in Kitchener over the last 90 days, $660,000, across 751 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 496 King St E been sold before?
Summitly has no earlier MLS® sale or lease of 496 King St E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 496 King St E?
496 King St E is in Kitchener, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 496 King St E been on the market?
1 day — 496 King St E was listed on October 27, 2026.
What is the price per square foot of 496 King St E?
About $667 to $909 per square foot: the asking price of $999,999 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 496 King St E have parking or a garage?
Yes — the listing gives 8 parking spaces.
What is the land transfer tax on 496 King St E?
About $16,475 in Ontario land transfer tax at the asking price of $999,999. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.