ON > Kitchener
Kitchener, ON N2G 2R2,983* King ST E
$5,500,000
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983* King ST E Kitchener, ON N2G 2R2

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Jasmine Lee

Jasmine Lee

+1(416) 875-4880

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Key Details

Property Type Commercial

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID X12536578

Annual Tax Amount $12,337

Tax Year 2024

Property Sub-Type Land

Property Description

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.

Location

Province ON

County Waterloo

Area Waterloo

Zoning MU - 3

Exterior

Utilities Available None

Lot Frontage 0.64

Others

ParcelsYN No

Listed by CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
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Jasmine Lee

Jasmine Lee

Real Estate Broker & Team Leader | License ID: 9517861

+1(416) 875-4880

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983* King ST E

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