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983* KING STREET E, Kitchener, Ontario, N2G 2R2

MLS® # X12536578
Vacant Land For Sale In King East, Kitchener, Ontario
$5,500,000

None Beds

983* King Street E, Kitchener, ON
983* King Street E, Kitchener, ON
983* King Street E, Kitchener, ON
983* King Street E, Kitchener, ON
983* King Street E, Kitchener, ON
983* King Street E, Kitchener, ON
983* King Street E, Kitchener, ON
983* King Street E, Kitchener, ON
  • Advertising
983* KING STREET E, Kitchener, Ontario, N2G 2R2
$5,500,000

Property Information:

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:27)

Building Features:

  • Floor Space: 1 ac

Property Features:

  • Property Type: Vacant Land
  • Floor Space (approx): 1 Square Feet
  • Zoning: MU - 3
  • Sewer: Sanitary sewer

Courtesy of: CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD

REALTOR.ca  

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Market Price Trends

Single family detached

-3.17%

Price change (1 year)

22.77%

Price change (5 years)

All Properties

-3.28%

Price change (1 year)

23.0%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 983* KING STREET E, Kitchener, Ontario, N2G 2R2

Demographic Information of 983* KING STREET E, Kitchener, Ontario, N2G 2R2

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$101,619.21

Average Number of Children

1.67

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.77 %

High school certificate or equivalent

30.01 %

Apprenticeship trade certificate/diploma

5.28 %

College/non-university certificate

22.55 %

University certificate (below bachelor)

0.55 %

University Degree

22.83 %

Commuter

Travel To Work

By Car

84.59 %

By Public Transit

6.63 %

By Walking

0.55 %

By Bicycle

0.0 %

By Other Methods

8.23 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

46.78 %

Houses

53.22 %

Own Vs. Rent

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