About 983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street
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.
Features of 983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street
| MLS® # | 40659182 |
|---|---|
| Price | $5,500,000 |
| Bathrooms | 0.00 |
| Acres | 0.64 |
| Type | Land |
| Sub-Type | Commercial |
| Status | Active |
Community Information
| Address | 983 & 991-995 King St. E. & 512-516, 520 Charles St. E. Street |
|---|---|
| Area | 3 - Kitchener West |
| Subdivision | 311 - Downtown/Rockway/S. Ward |
| City | Kitchener |
| County | Waterloo |
| Province | ON |
| Postal Code | N2G 2R2 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected |
|---|---|
| # of Garages | 0.00 |
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Lot Description | Urban, Irregular Lot, City Lot, Public Transit |
|---|
Additional Information
| Date Last Updated | March 22nd, 2025 |
|---|---|
| Zoning | MU-3 |
Listing Details
| Office | Chestnut Park Realty Southwestern Ontario Limited |
|---|