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983 & 991-995 KING ST. E. & 512-516, 520 CHARLES ST. E. Street, Kitchener, Ontario, N2G 2R2

MLS® # 40787285
Vacant Land For Sale In King East, Kitchener, Ontario
$5,500,000

None Beds

983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street, Kitchener, ON
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983 & 991-995 KING ST. E. & 512-516, 520 CHARLES ST. E. Street, 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:

  • Basement Type: None

Property Features:

  • OwnershipType: Freehold
  • Property Type: Vacant Land
  • Access Type: Road access
  • Amenities Nearby: Public Transit
  • Lot Depth: 233.0 Feet
  • Lot Frontage: 164.0 Feet
  • Utility Type: Natural Gas - Available, Hydro - Available
  • Zoning: MU-3
  • Sewer: Municipal sewage system

Courtesy of: Chestnut Park Realty Southwestern Ontario Limited, Chestnut Park Realty Southwestern Ontario Ltd., Brokerage

REALTOR.ca  

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Market Price Trends

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

Location of 983 & 991-995 KING ST. E. & 512-516, 520 CHARLES ST. E. Street, Kitchener, Ontario, N2G 2R2

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: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

52/100

Moderate

ClimateCheck®

Current data

This property, 983 & 991-995 KING ST. E. & 512-516, 520 CHARLES ST. E. Street , experiences 7 hot days per year at around 30.8 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 34.3 degrees Celsius.

Projected Avg. Temperature

Past
30.8℃
2050
34.3℃

# 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 Precipitation Risk: Moderate-High

14 storms expected in 2050

64/100

Moderate-High

ClimateCheck®

Current data

This property, 983 & 991-995 KING ST. E. & 512-516, 520 CHARLES ST. E. Street , experiences 11 significant 2-day storms per year, with about 320.2mm 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 397.8mm of precipitation per year.

Precipitation Per Storm

Past
320.2mm
2050
397.8mm

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 983 & 991-995 KING ST. E. & 512-516, 520 CHARLES ST. E. Street, 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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