$4,999,999
 $26,841 est/mo Sourced by Back At You

983 King St. E. & 512-516, 520 Charles St. E. Street,Kitchener, ON N2G2R2

Kitchener, ON N2G2R2

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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:13843)

Details

MLS #40865108
Listing TypeFor Sale
StatusActive
Days On Site47
Listing Provided ByChestnut Park Realty Southwestern Ontario Limited | LEE S. QUAILE

Features

ZoningMU-3
Acreage0.64

Interior

Fireplace Yes / NoNo

Utilities

UtilitiesNatural Gas, Electricity
SewerMunicipal sewage system
Water SourceMunicipal water

Taxes

Tax Annual Amount15075.21

Area Information

ProvinceON
CityKitchener
Postal CodeN2G2R2
Community Name311 Downtown/Rockway/S. Ward
Listing VS Median (in 311 Downtown/Rockway/S. Ward)
Price:
$4,999,999
low | high
Med:
$2,425
100% of Average
On site:
47
low | high
Med:
1
100% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Kevin O'Brien

Kevin O'Brien

Sutton Group - Quantum Realty Inc- Brokerage

Sales Representative, (905) 330-0838kobrien@sutton.com
ProvinceON
CityKitchener
Postal CodeN2G2R2
Community Name311 Downtown/Rockway/S. Ward
Listing VS Median (in 311 Downtown/Rockway/S. Ward)
Price:
$4,999,999
low | high
Med:
$2,425
100% of Average
On site:
47
low | high
Med:
1
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $3.749M - $6.249M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
983* KING STREET E Property Photo 1
$4,999,999
983* King Street E
Kitchener, ON N2G2R2
Listing Updated: November 6, 2026 at 7:50:32 AM PST

Kevin O'Brien - Sutton