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Home ON Kitchener - Cambridge - Waterloo Kitchener Civic Centre
269 VICTORIA Street N
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269 VICTORIA Street N $3,650,000
$3,650,000
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269 VICTORIA Street N
Kitchener, Ontario N2H5C9

MLS® Number: 40677505

Listing 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. (68374280)

Location Description

Near the corner of Victoria Street North and St Leger Street

Property Summary

Property Type
Industrial
Storeys
1
Subdivision Name
212 - Downtown Kitchener/East Ward
Title
Freehold
Land Size
1/2 - 1.99 acres
Annual Property Taxes
$18,047.81
Time on REALTOR.ca
19 days

Building

Interior Features
Basement Type
None
Building Features
Features
Visual exposure
Utilities
Utility Sewer
Municipal sewage system
Water
Municipal water
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Public Transit

Measurements

Square Footage
4500 sqft
Exterior Building Size
4500 sqft

Land

Lot Features
Frontage
164 ft
Other Property Information
Access
Highway access
Zoning Description
MU-1
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
BENJAMIN AYRE BACH