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:4069)
Address
983 & 991-995 KING ST. E. & 512-516, 520 CHARLES ST. E. Street
List Price
$4,999,999
Property Type
Vacant Land
Transaction Type
Sale
Area
Ontario
Sub-Area
Kitchener
Lot Size
0.64 Sq. Ft.
Lot Depth
233 ft
Frontage Length
164 ft
MLS® Number
40865108
Listing Brokerage
Chestnut Park Realty Southwestern Ontario Limited
| Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
Basement Area
None
Postal Code
N2G2R2
Zoning
MU-3
Ownership
Freehold
Site Influences
Public Transit
Water Source
Municipal water
Access To Property
Road access
Sewer
Municipal sewage system
