For sale 4$4,999,999
1 sq ft
983* King Street East
Kitchener
7 days agoMLS® X13868990
CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
$4,999,999
983 King St. E. & 512-516, 520 Charles St. E. Street
Kitchener, Ontario N2G2R2
For sale· Added
About this property
This assembly of five properties in a rapidly expanding area of Kitchener offers a rare opportunity for high-density residential development, spanning 0.64 acres of MU-3 zoned land. The site is strategically located between two similar developments and bordered to the west by the Light Rail Transit (LRT) system on Charles St. E. Pre-consultations with city planners and regional precedents indicate the potential for increased density through higher Floor Area Ratio (FAR) and Gross Floor Area (GFA) allowances. With frontage on King, Borden, and Charles streets, the property offers exceptional access. Preliminary site plan modeling suggests approval for approximately 304 units in a single tower configuration. The accompanying photos highlight the property’s boundaries and the potential high-rise development.
Location
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Property details
Listing
- MLS® number
- 40865108
- Added
- Sep 21, 2026 ()
- Updated
- Oct 6, 2026 ()
- Info refreshed
Overview
- Property type
- Vacant Land
- Ownership
- Freehold
Inside
- Fireplace
- No
Building
- Basement
- None
Land
- Frontage
- 164 ft
- Lot area
- 0.64 acres
- Zoning
- MU-3
Services
- Water
- Municipal water
- Sewer
- Municipal sewage system
- Utilities
- Natural Gas, Electricity
Location
- Community
- Downtown/Rockway/S. Ward
- Cross streets
- Between Borden St. and Ottawa St. S
Running costs
- Annual property tax
- $15,075
$4,999,999
983 King St. E. & 512-516, 520 Charles St. E. Street
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