269 Victoria Street N Active Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2H 5C9
Key Details
Property Type Commercial
Sub Type Industrial,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $811
MLS Listing ID 40677505
Annual Tax Amount $18,047
Property Sub-Type Industrial,Building and Land
Property Description
This 0.687-acre property offers a centrally located mixed-use redevelopment opportunity along Victoria Street North, an arterial corridor connecting Downtown Kitchener to both the highway and the west side of the Region. Surrounded primarily by residential uses, Victoria Street North is designated as a mixed-use corridor within the City's urban structure, supporting a range of redevelopment opportunities.
The property is zoned MU-1, permitting a 2.0 FSR as of right. Recent approvals for a site on the opposite side of the street allow for an FSR of 10.5, demonstrating an appetite for increased density in the area. The property is currently improved with two houses and a 3,500 SF commercial shop. The shop and one house are utilized by the vendor, while the other house is tenanted, providing interim revenue.
Historically operating as a recycling yard, the property has recent Phase 1 and Phase 2 environmental reports available for review by qualified purchasers.
Located just north of the Downtown core and west of the Highway 85 on-ramp, the site offers convenient access to public transit, including the Kitchener GO & VIA stations, the LRT and BRT routes, and the future LRT Transit Hub. It is also well-served by walking & cycling infrastructure, with the nearby Spur Line Trail providing connections to Uptown Waterloo, Downtown Kitchener, and surrounding neighbourhoods.
Location
Province ON
County Waterloo
Area 2 - Kitchener East
Zoning MU-1
Rooms
Kitchen 0
Building
Lot Description Ample Parking,High Traffic Area,Highway Access,Public Transit,Visual Exposure
Story 1
Sewer Sewer (Municipal)
Water Municipal
New Construction No