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$4,999,999 Sale
Listed 6 days ago
983* King Street E
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Listing History
Buy/Sell/Terminated/Expired listing history for 983* King Street E
Key Facts
Key facts for 983* King Street E
Property Type
Commercial
Parking
-
MLS #
X13868990
Size
-
Basement
-
Listed on
2026-10-06
Lot size
1 x 0.0
Tax
$15,075.21 /yr
Days on Market
7
Approximate Age
-
Maintenance Fee
-
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.
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Courtesy of: CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD