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Home ON Kitchener - Cambridge - Waterloo Kitchener City Commercial Core
95-109 WEBER Street
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95-109 WEBER Street $7,500,000
$7,500,000
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95-109 WEBER Street
Kitchener, Ontario N2H1C6

MLS® Number: 40704414

Listing Description

95-109 Weber Street, 64-74 Cedar Street North and 7 & 14 May Place (the Property or the Site) represents a redevelopment opportunity bordering downtown Kitchener. Spanning 0.71 acres, the Site is currently improved with 7 income-producing multi-residential buildings and a community garden. The Property boasts an exceptional location bordering downtown Kitchener, providing residents with unparalleled access to urban amenities and transportation networks. The Site's proximity to key transit hubs, including the Kitchener Market Station LRT ION stop (450m), the Weber/Cedar GRT bus stop (44m), and the future King-Victoria Transit Hub (1.2km), ensures seamless mobility for commuters and residents through the City. An initial development concept proposed by the Vendor illustrates a high-rise 28-storey tower, yielding 276 residential units and a total GFA of 252,704 SF. The Property represents an opportunity to acquire income-producing assets with significant rental upside. (68701166)

Location Description

Weber St E/Cedar St N

Property Summary

Property Type
Vacant Land
Subdivision Name
212 - Downtown Kitchener/East Ward
Title
Freehold
Land Size
0.71 ac|1/2 - 1.99 acres
Annual Property Taxes
$15,902.20
Time on REALTOR.ca
14 days

Building

Interior Features
Basement Type
None
Utilities
Utility Type
Cable (Available), Electricity (Available), Natural Gas (Available), Telephone (Available)
Utility Sewer
Municipal sewage system
Water
Municipal water
Neighbourhood Features
Community Features
High Traffic Area
Amenities Nearby
Hospital, Public Transit, Schools

Land

Lot Features
Frontage
218 ft
Land Depth
136 ft
Other Property Information
Access
Road access, Highway access
Zoning Description
SGA-3 (Strategic Growth Area 3)
Data provided by: Cornerstone - Waterloo Region 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
519-744-4900
519-571-9315
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