983* King Street East

Kitchener, ONVacant Land
$4,999,999
MLS® X13868990
Vacant Land[object Object]
983* King Street East, Kitchener, ON photo 1
983* King Street East, Kitchener, ON photo 2
983* King Street East, Kitchener, ON photo 3
983* King Street East, Kitchener, ON photo 4
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About This Property

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:63604)

Key Facts

Type
Vacant Land
Lot
0.64
Property Details 9 details
Living area
[object Object]
Property
Vacant Land
Property subtype
Vacant Land
Fireplace
No
Lot dimensions
0.64
Lot area
0.64 acres
Frontage
0.70 feet
Taxes
$15,075.21
Zoning
MU - 3
Water source
Municipal water
Sewer
Sanitary sewer

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Map is approximate.

Neighbourhood

City
Kitchener
Postal code
N2G 2R2
Nearby
Cross Streets: Between Borden St.& Ottawa St. ** Directions: Victoria St to King St W.