Unique opportunity for this 160 Feet x 165 Feet (0.6 acres) property assembly zoned R7 with the potential to redevelopment as an apartment building, cluster townhouses, or stacked townhouses. Walking distance to the Downtown Kitchener, Communitech, Victoria Park, Iron Horse Trail, Catalyst 137, Belmont Village and shopping amenities. Great public transit access with only 900 meters to the Central Station LRT stop and future Regional Transit Hub, which will include GO and Via train service. Current zoning allows for up to 8 storeys (24 meters), Maximum Floor Space Ratio of 1.0, and potential for reduced parking considering the proximity to LRT. Property must be sold together with 244 Victoria St S, 238 Victoria St S, and 240 Victoria St S. The total asking price for all properties is $4,500,000. (id:47423)
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Detailed Information
Lot
40 x 166 ft
Amenities Nearby
Public Transit
Listing Contract Date
2023-12-05
Location Description
The closest intersection is West Ave and Victoria St S
Ownership Type
Freehold
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
R7
Building
Basement Type
None
Utility Water
Municipal water
Utilities
Type
Description
Electricity
Available
Natural Gas
Available
Land
Total Size
under 1/2 acre
Amenities
Public Transit
Sewer
Municipal sewage system
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