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983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street 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:52603)

Property Details

MLS® Number 40659182
Property Type Vacant Land
Amenities Near By Public Transit

Building

Basement Type None
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Public Transit
Sewer Municipal Sewage System
Size Depth 233 Ft
Size Frontage 164 Ft
Size Irregular 0.64
Size Total 0.64 Ac|1/2 - 1.99 Acres
Size Total Text 0.64 Ac|1/2 - 1.99 Acres
Zoning Description Mu-3

Utilities

Electricity Available
Natural Gas Available

https://www.realtor.ca/real-estate/27514178/983-991-995-king-st-e-512-516-520-charles-st-e-street-kitchener


Chestnut Park Realty Southwestern Ontario Limited
75 King Street South Unit 50a
Waterloo, Ontario N2J 1P2

(519) 804-7200
(519) 885-1251
https://chestnutparkwest.com/

Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
75 King Street South Unit 50
Waterloo, Ontario N2J 1P2

(519) 804-7200
(519) 885-1251
www.chestnutparkwest.com/
https://www.facebook.com/ChestnutParkWest
https://www.instagram.com/chestnutprkwest/

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