Kitchener-Waterloo is growing, with record-setting population growth in 2024, and a diverse local economy powered by top academic institutions. 96 Duke Street West, is downtown Kitchener’s premier development site opportunity. Featuring over a half-acre rectangular site (.503) located adjacent to the Central LRT station, across from City Hall and approximately 500m or less from the Transit Hub of Waterloo Region (with future all-day train service to Toronto). 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 Planner Mitchell Baker. Currently on the property is a 35-car parking lot providing rental income and a 17-unit multi-family building, well maintained and managed with stable tenancy. This is an excellent holding asset while plans are laid. Join the growth of Waterloo Region and develop an investment location that offers many directions. For a complete list of the rent roll and further information on the property contact the brokerage directly. (id:47421)
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Detailed Information
Lot
98 x 0 ft
Listing Contract Date
2025-01-08
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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