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$11,999,900
Est. payment /mo
17 Beds
17 Baths
11,340 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 11,340 sqft
Price per Sqft $1,058
Subdivision 212 - Downtown Kitchener/East Ward
MLS® Listing ID 40485264
Bedrooms 17
Originating Board Cornerstone - Waterloo Region
Property Description
Developers and builders, bring your creative vision to downtown Kitchener. This well maintained and carefully managed 17-unit multifamily property (all one bedroom apartments) is set on just over one-half of an acre (.503 acres) directly across from City Hall and beside the Central LRT station. With highly flexible D-5 zoning, this site could potentially house a 30+ storey high-rise residential tower someday. Ask for a copy of our land use study from LandPro highlighting this opportunity. Only a 600m walk to the future Waterloo Region transit hub, 400 m to Gaukel and Victoria Park, 750m to the Central library while the arts and entertainment of downtown Kitchener are all on the doorstep. Meanwhile, investors can make use of the excellent holding asset in the 17-unit building which generates solid income as plans are laid. (id:24570)
Location
Province ON
Interior
Heating Baseboard heaters
Cooling None
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 35
Private Pool No
Building
Story 2.5
Sewer Municipal sewage system
Others
Ownership Freehold