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983 & 991-995 KING ST. E. & 512-516, 520 CHARLES ST. E. Street, Kitchener

$4,999,999

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 propertya??s boundaries and the potential high-rise development.

General Info


MLS Listing ID: 40865108 Bedrooms: 0 Bathrooms: 0 Year Built: 0
Listing Type: Vacant Land Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: N/A Roof: N/A Title To Land: Freehold Parking Space Total: 0
Parking: N/A Heating: N/A Size: N/A Air Conditioning : N/A
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: None
Water Supply: Municipal water Road Type: N/A Pool Type: N/A
Listed BY: LEE S. QUAILE, Chestnut Park Realty Southwestern Ontario Limited

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