UPDATED:
Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40677498
Annual Tax Amount $18,047
Property Sub-Type Residential
Source Waterloo Region
Property Description
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
Direction Near the corner of Victoria Street North and St Leger Street
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available Cell Service, Electricity Connected, Street Lights
Lot Frontage 164.02
Garage No
Building
Lot Description Urban, Ample Parking, High Traffic Area, Highway Access, Public Transit, Visual Exposure
Faces Near the corner of Victoria Street North and St Leger Street
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community false
Tax ID 223130041
Ownership Freehold/None