Exceptional development opportunity in the heart of Kitchener! This rare 56 x 220/230 ft vacant lot offers highly desirable dual zoning (Commercial & Residential), providing incredible flexibility for a wide range of potential uses. Whether you're an investor, developer, or builder, this property presents a unique chance to capitalize on mixed-use possibilities in a growing and dynamic area. The seller has already taken steps toward development, with plans submitted to the city (see site plan attached) for a proposed 3-storey multi-residential building consisting of 13 units (approval pending). This offers a strong starting point for buyers looking to fast-track a project, while still allowing the freedom to explore alternative concepts permitted under the property's versatile zoning. Ideally located in a rapidly evolving neighbourhood, walking distance to the downtown district with strong demand for both residential and commercial space, this lot is perfectly positioned for future growth and long-term value. Buyer to conduct their own due diligence regarding zoning, permitted uses, and development approvals based on their specific plans. (id:13843)
| MLS # | X13854484 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 23 |
| Listing Provided By | CENTURY 21 PEOPLE'S CHOICE REALTY INC. | PATRICIA SCENA |
| SQ Feet | 12,422 |
|---|---|
| Zoning | C3 Commercial, Residential |
| Fireplace Yes / No | No |
|---|
| Lot Features | Irregular lot size |
|---|
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
| Tax Annual Amount | 15457.97 |
|---|
| Province | ON |
|---|---|
| City | Kitchener |
| Postal Code | N2H2M7 |
| Listing VS Median (in N2H2M7) | |
Price: $1,010,000 low | high Med: $1,010,000 sqft: 12,422 low | high Med: 12,422 $ / sqft: $81 low | high Med: $81 On site: 23 low | high Med: 23 | |
| Province | ON |
|---|---|
| City | Kitchener |
| Postal Code | N2H2M7 |
| Listing VS Median (in N2H2M7) | |
Price: $1,010,000 low | high Med: $1,010,000 sqft: 12,422 low | high Med: 12,422 $ / sqft: $81 low | high Med: $81 On site: 23 low | high Med: 23 | |