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:47421)
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Listed By
Chestnut Park Realty Southwestern Ontario Limited, Chestnut Park Realty Southwestern Ontario Ltd., Brokerage
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Detailed Information
Lot
164 x 233 ft
Amenities Nearby
Public Transit
Listing Contract Date
2024-10-07
Location Description
Between Borden St. and Ottawa St. S.
Ownership Type
Freehold
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
MU-3
Building
Basement Type
None
Utility Water
Municipal water
Utilities
Type
Description
Electricity
Available
Natural Gas
Available
Land
Total Size
0.64 acres
Access Type
Road access
Amenities
Public Transit
Sewer
Municipal sewage system
Size of Irregular Land
0.64
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