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$ 5,500,000
Est. payment | /mo
1 SqFt
$ 5,500,000
Est. payment | /mo
1 SqFt
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $5,500,000
MLS® Listing ID X12536578
Lot Size 0.640 Acres
Acres 0.64
Source Toronto Regional Real Estate Board
Property Description
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:24570)
Location
Province ON
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Sewer Sanitary sewer
Listed by CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
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Nest Real Estate Group
Real Estate Team | License ID: 139039