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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:58726)

Property Details

MLS® Number 40659182
Property Type Vacant Land
AmenitiesNearBy Public Transit

Building

BasementType None
UtilityWater Municipal Water

Land

AccessType Road Access
Acreage No
LandAmenities Public Transit
Sewer Municipal Sewage System
SizeDepth 233 Ft
SizeFrontage 164 Ft
SizeIrregular 0.64
SizeTotal 0.64 Ac|1/2 - 1.99 Acres
SizeTotalText 0.64 Ac|1/2 - 1.99 Acres
ZoningDescription Mu-3

Utilities

Electricity Available
Natural Gas Available

https://www.realtor.ca/real-estate/27514178/983-991-995-king-st-e-512-516-520-charles-st-e-street-kitchener

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Lee S. Quaile
Broker of Record


Chestnut Park Realty Southwestern Ontario Limited
75 King Street South Unit 50a
Waterloo, Ontario N2J 1P2

Debbie Tsintaris
Salesperson


Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
75 King Street South Unit 50
Waterloo, Ontario N2J 1P2

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