Brokered by: Chestnut Park Realty Southwestern Ontario Limited
MLS®: 40750154 (Freehold)
Price: $5,500,000.00
Address: 983 & 991-995 KING ST. E. & 512-516, 520 CHARLES ST. E. Street, Kitchener FOR SALE Subdivision: 311 - Downtown/Rockway/S. Ward Postal Code: N2G2R2 Style: Bedrooms: 0 Bathrooms: 0 Lot Size: 164 ft x 233 ft Property Size: 0.64
About 983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street
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:56071). Get more information on 983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street
Property Features
Rental Equipment: Directions: Between Borden St. and Ottawa St. S. Zoning Description: MU-3 Access: Road access Lot: 0.64 ac|1/2 - 1.99 acres 0.64 Water: Municipal water, Municipal sewage system Heating / Cooling: / Age: Basement: None
Rooms & Sizes
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John DiRenzo
Sales Representative RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490
Brokered by: CENTURY 21 RIGHT TIME REAL ESTATE INC.
John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.
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