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983 & 991-995 KING ST. E. & 512-516, 520 CHARLES ST. E. Stre
Kitchener Ontario N2G2R2 Canada

$5,500,000

Active Listing ID 40659182
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Vacant Land

$5,500,000

Active Listing ID 40659182
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983 & 991-995 KING ST. E. & 512-516, 520 CHARLES ST. E. Stre 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:203)

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Property Features

  • Facts
  • Property Sub-type: Vacant Land
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 11/8/2024 3:20:19 AM GMT
Source Updated Date: 12/21/2024 11:34:56 PM GMT

Courtesy of: LEE QUAILE, Broker of Record, Chestnut Park Realty Southwestern Ontario Limited