$5,500,000 FOR SALE

Land

Lot: 164 x 233 ft
This assembly of five properties in a rapidly expanding area of Kitchener offers a rare opportunity for high-density residential development, spanning 0.64 acres of MU-3 zoned land. The site is strategically located between two similar developments and bordered to the west by the Light Rail Transit (LRT) system on Charles St. E. Pre-consultations with city planners and regional precedents indicate the potential for increased density through higher Floor Area Ratio (FAR) and Gross Floor Area (GFA) allowances. With frontage on King, Borden, and Charles streets, the property offers exceptional access. Preliminary site plan modeling suggests approval for approximately 304 units in a single tower configuration. The accompanying photos highlight the property’s boundaries and the potential high-rise development. (id:47423)

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Listed By Chestnut Park Realty Southwestern Ontario Limited, Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
Data Provided By Cornerstone - Waterloo Region
MLS® Listing Number 40659182
Last Updated Oct 08, 2024
Property Summary
Property Type Land

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Subdivision 311 - Downtown/Rockway/S. Ward
Price History
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Detailed Information
Lot 164 x 233 ft
Amenities Nearby Public Transit
Listing Contract Date 2024-10-07
Location Description Between Borden St. and Ottawa St. S.
Ownership Type Freehold
Property Type Vacant Land
Transaction Type For sale
Zoning Description MU-3
Building
Basement Type None
Utility Water Municipal water
Utilities
Type Description
ElectricityAvailable
Natural GasAvailable
Land
Total Size 0.64 acres
Access Type Road access
Amenities Public Transit
Sewer Municipal sewage system
Size of Irregular Land 0.64

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