983 991 995 King St E 512 516 520 Charles St E Street, Kitchener
- Type: Lots and Land
- Added: 15 days ago
- Updated: 13 days ago
- Last Checked: 21 hours ago
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:1945)
Interior Features
- Basement: None
Exterior & Lot Features
- Water Source: Municipal water
- Lot Size Units: acres
- Lot Size Dimensions: 0.64
Location & Community
- Directions: Between Borden St. and Ottawa St. S.
- Common Interest: Freehold
- Subdivision Name: 311 - Downtown/Rockway/S. Ward
Utilities & Systems
- Sewer: Municipal sewage system
- Utilities: Natural Gas, Electricity
Tax & Legal Information
- Tax Annual Amount: 12337.45
- Zoning Description: MU-3
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