244 Victoria Street S, Kitchener, Ontario N2G 2C2

Listed for:
$1,125,000
0 beds
0 baths
Listed 165 days ago
244 Victoria Street S, Kitchener, Ontario N2G 2C2

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Listing provided by:
BENJAMINS REALTY INC.
MLS® number:
40519924
Agent:
Mark Benjamins
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About

The closest intersection is West Ave and Victoria St S 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 240 Victoria St S. The total asking price for all properties is $4,500,000. (id:27476)

Property Highlights

Type
Cooling type
Heating fuel
Fireplace
No
Construction material
Parking space
Ownership Type
Freehold
Amenities nearby
Public Transit

Location

Summary

Conveniently situated near public transit, this property boasts a freehold ownership type. Spanning 160 feet by 165 feet (0.6 acres), this unique opportunity presents the potential for redevelopment as an apartment building, cluster townhouses, or stacked townhouses, thanks to its R7 zoning. Its prime location within walking distance to Downtown Kitchener, Communitech, Victoria Park, Iron Horse Trail, Catalyst 137, Belmont Village, and various shopping amenities makes it an attractive investment.

With excellent public transit access, the property is just 900 meters away from the Central Station LRT stop and the future Regional Transit Hub, which will offer GO and Via train service. The current zoning permits up to 8 storeys (24 meters) and a Maximum Floor Space Ratio of 1.0, with potential for reduced parking due to its proximity to LRT. It is important to note that the property must be sold together with 234 Victoria St S, 238 Victoria St S, and 240 Victoria St S, with a total asking price of $4,500,000. (id:27476).

Currently on the market for sale, this property features a land size of under 1/2 acre and is surrounded by land amenities such as public transit. Situated on 244 VICTORIA Street S in the city of Kitchener, Ontario, it is easily accessible with a postal code of N2G2C2.

Street Spotlight - For sale