983 & 991-995 KING ST. E. & 512-516, 520 CHARLES ST. E. Street
Kitchener, Ontario
MLS® 40865108
$4,999,999
- Status
- Active
- Property type
- Vacant land
- MLS® number
- 40865108
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 27Listing 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.
Property summary
- MLS® number
- 40865108
- Property type
- Vacant Land
- Title
- Freehold
- Land size
- 0.64 acres
- Annual property taxes
- $12,337.00
- Days on market
- 5 days
Features & details
- Basement
- None
What would this home cost you?
Based on the $4,999,999 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Chestnut Park Realty Southwestern Ontario Limited, Waterloo.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.