Friday, June 18

Local entertainment venue drops sale price

With a massive 100,000 square foot commerical building, and over 16 acres of property, LOT42 is now listed at $17.5 million.

Originally put on the market for $20 million in March, the online listing now indicates a price drop.

Positioned in Kitchener at 41 Ardelt Place, LOT42 has been the host of a number of community events since it opened in 2017.

The location of the lot touts easy access to Highway 401, Highway 85 and Homer Watson Boulevard.

Noted as having a strong in place income, 85 per cent of the unit is currently leased out.

Ron Doyle, the owner of LOT42, also owns Hacienda Sarria, which just declared bancruptcy.

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