983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street Kitchener, Ontario N2G 2R2
$5,500,000
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:59646)
Property Details
| MLS® Number | 40659182 |
| Property Type | Vacant Land |
| Amenities Near By | Public Transit |
Building
| Basement Type | None |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 233 Ft |
| Size Frontage | 164 Ft |
| Size Irregular | 0.64 |
| Size Total | 0.64 Ac|1/2 - 1.99 Acres |
| Size Total Text | 0.64 Ac|1/2 - 1.99 Acres |
| Zoning Description | Mu-3 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
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October 07 2024 09:29:18
Kitchener-Waterloo Association of REALTORS®
Chestnut Park Realty Southwestern Ontario Limited, Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
