983* King Street E 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:61215)

Business

Business Type	Other
Business Sub Type	Offices

Property Details

MLS® Number	X12536578
Property Type	Vacant Land

Building

Size Interior	1 Acres
Utility Water	Municipal Water

Land

Acreage	No
Sewer	Sanitary Sewer
Size Irregular	0.64
Size Total	0.64 Ac
Size Total Text	0.64 Ac
Zoning Description	Mu - 3

https://www.realtor.ca/real-estate/29094792/983-king-street-e-kitchener