Developers and builders, bring your creative vision to downtown Kitchener. This well maintained and carefully managed 17-unit multifamily property (all one bedroom apartments) is set on just over one-half of an acre (.503 acres) directly across from City Hall and beside the Central LRT station. With highly flexible D-5 zoning, this site could potentially house a 30+ storey high-rise residential tower someday. Ask for a copy of our land use study from LandPro highlighting this opportunity. Only a 600m walk to the future Waterloo Region transit hub, 400 m to Gaukel and Victoria Park, 750m to the Central library while the arts and entertainment of downtown Kitchener are all on the doorstep. Meanwhile, investors can make use of the excellent holding asset in the current multi-family building. (id:47421)
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Detailed Information
Lot
98 x 0 ft
Listing Contract Date
2023-09-18
Location Description
Directly across from City Hall and adjacent to Kitchener Central LRT
Ownership Type
Freehold
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
D-5
Building
Basement Type
None
Utility Water
Municipal water
Utilities
Type
Description
Electricity
Available
Land
Total Size
1/2 - 1.99 acres
Sewer
Municipal sewage system
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