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240 Victoria Street, Kitchener, ON, N2G 2C2

MLS® # 40519923
Vacant Land For Sale In Cherry Hill, Kitchener, Ontario
$1,125,000
240 Victoria Street, Kitchener, ON
240 Victoria Street, Kitchener, ON
240 Victoria Street, Kitchener, ON
240 Victoria Street, Kitchener, ON
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ACTIVE
240 Victoria Street, Kitchener, ON, N2G 2C2
$1,125,000

Property Information:

Unique opportunity for this 160 Feet x 165 Feet (0.6 acres) property assembly zoned R7 with the potential to redevelopment as an apartment building, cluster townhouses, or stacked townhouses. Walking distance to the Downtown Kitchener, Communitech, Victoria Park, Iron Horse Trail, Catalyst 137, Belmont Village and shopping amenities. Great public transit access with only 900 meters to the Central Station LRT stop and future Regional Transit Hub, which will include GO and Via train service. Current zoning allows for up to 8 storeys (24 meters), Maximum Floor Space Ratio of 1.0, and potential for reduced parking considering the proximity to LRT. Property must be sold together with 234 Victoria St S, 238 Victoria St S, and 244 Victoria St S. The total asking price for all properties is $4,500,000.

Property Features:

  • Acres Range: < 0.5
  • Lot Depth: 166.28 Feet
  • Lot Features: Urban, Rectangular, City Lot, Public Transit
  • Lot Frontage: 40.06 Feet
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Municipal
  • Zoning: R7
  • Sewer: Sewer (Municipal)

Courtesy of: BENJAMINS REALTY INC.

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

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Location of 240 Victoria Street, Kitchener, ON, N2G 2C2

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

34 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

34 hot days expected in 2050

52/100

High

ClimateCheck®

Current data

This property, 240 Victoria Street , experiences 7 hot days per year at around 30.7 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.2 degrees Celsius.

Projected Avg. Temperature

Past
30.7℃
2050
34.2℃

# Hot Days Per Year

Past
7
2050
34

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

64/100

ClimateCheck®

Current data

This property, 240 Victoria Street , experiences 11 significant 2-day storms per year, with about 321.4mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 399mm of precipitation per year.

Precipitation Per Storm

Past
321.4mm
2050
399mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 240 Victoria Street, Kitchener, ON, N2G 2C2

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$103,238.99

Average Number of Children

1.72

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.43 %

High school certificate or equivalent

28.62 %

Apprenticeship trade certificate/diploma

3.99 %

College/non-university certificate

20.03 %

University certificate (below bachelor)

2.48 %

University Degree

28.44 %

Commuter

Travel To Work

By Car

79.25 %

By Public Transit

8.75 %

By Walking

7.83 %

By Bicycle

0.74 %

By Other Methods

3.43 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.29 %

Houses

43.71 %

Own Vs. Rent

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